RE: RE: RE: Metals getting hammered.....Nothing you have said here is contrary to the thrust of my position. Indeed, your facts quoted from Kitco are in support of it. I agree some speculators got caught with their pants down in the latest pullback, but if you are a gambling man now is probably as good a time as any to let a fairly good chunk of your assetts ride on the expectation of serious gold and silver gains. There may be a bit more regressions in the price but I think we are getting close to the end of the pullback and this seems to be how the manipulators work. Scare the hell out of the market (read little guy) buy in heavy and see it escalate to new highs.
The overabundant money supply in the US dictates that precious metals must by definition rise. It is really quite a simple concept and I have not seen anything or anybody seriously make a good argument against it. Many have tried but their arguments are facile without any foundation and suspiciously self serving. Especially those from paid hacks and consultants to the big boys. I also agree that the heat might still rise in the kitchen on this during the next year or so but eventually logic will prevail, the gatekeepers will have no option but to release the floodgates. Just you watch...