Comment: Just as I have said for a

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Just as I have said for a

Just as I have said for a couple of years, if price violates the 2008 high then it will likely go much lower. It has now clearly done so, and I expect it will likely not bottom until somewhere in single digit territory. Its beginning to look more and more that the recovery is taking hold, and once consumers begin "printing" money (expanding credit, just as the Fed is doing now) then the Fed will slow/cease "printing" money. The wild card for the longer term is whether consumers will continue to expand the money supply in the face of rising interest rates...

All in all, it ain't lookin good for metals right now and in the medium term...

Metals, 5 years of no price gain for "buy and hold" investors, 5 years of unhedged inflation. Makes one wish they'd sold at $50...

Its a Long Way to the Top...

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence