• Gold: 1,510.34 -3.90
  • Silver: 17.07 -0.04
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  • Oil: 55.31 0.4

Attacked with a vengeance

Andy Hoffman
|
Tuesday, March 25th
SilverSeek.com Comment Wire

 

Since last Sunday – when gold hit $1,397 before the 30th “Sunday Night Sentiment” attack of the past 31 weekends – the Cartel has attacked PAPER PMs with a vengeance, to quell its recent surge and convince the world all’s well yet again.  Unfortunately, nothing has changed, and gold’s “golden cross” (with silver’s upcoming shortly) indeed occurred – whilst global economic data and geopolitics have only worsened.  Per Monday’s article, “golden life preserver in a sea of lies,” and Tuesday’s “cycle of bad advice,” this is the time to ignore the propaganda – like Goldman Sachs’ brutal anti-gold hack job – and pay attention to reality; especially with prices of both metals trading well below their respective costs of production.

 

Let’s see what happens after Wednesday’s April COMEX options expiration, and Friday’s “first delivery day.”

 

 

 

Andrew C. Hoffman, CFA

Marketing Director

Miles Franklin Ltd.


 

ahoffman@milesfranklin.com

www.milesfranklin.com

 

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