Prodigy Gold Inc KXLAF

Watch Silver climb now as dollar drops

[coffinraider]

The plan to devalue the dollar had seen silver, poor man’s gold and a highly speculative market made up of mostly retail investors reach record heights.  To combat this “bad inflation” would come not in the form of interest rate hikes to slow down the acceleration of the dollar decline but through a series of margin rate increases which would cause a temporary shakeout of speculators.  Raising the costs of owning silver began a quick de leveraging of risky traders taking on too much risk at frothy level.  This has sent fear throughout the commodity sector.  This correction should be short lived as strong hands will come in and silver will regain its footing and find support after the washout has concluded.

Jeb H