I knew as soon as David Morgan did an interview yesterday about the price of silver matching the cost to get it out of the ground and I said "watch, that was the sign that silver is going under $20 bucks today and will slide all summer until it gets below $16) Part 1 happened overnight while I slept. part 2 we shall see, but I am not buying until it gets below $16/oz (I will be just as happy if it doesn't drop that low) and the bulk of my next investment will be a short term hold on PM stocks later in the summer that I plan to dump by the end of the year at this point. Though this could alter a little as things go on.
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