Saturday, December 1, 2012

KWN Weekly Metals Wrap



In my opinion the majority of information on King World News has appeared to be very skewed (and sometimes is), however, this particular market sector has been met by extreme insider activity and rank (or should I say 'bank') manipulation by high frequency trading and various other mischief.  

I have to disagree with some of Dan Norcini's expectations here that a market reversal is in order for GOLD and SILVER.  If for instance SILVER should say drop this coming week to $30 or even slightly lower and GOLD should actually test the $1,700 area the negotiations concerning the fiscal cliff cannot do anything to shelter the economy from the dangerous course it is on and the inevitability of a disaster that lies very closely ahead:

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Now I'm convinced that this danger is building like an extreme amount of voltage between two battery terminals and the sparks are about to fly as this entire system is short circuited will be unlike anything seen since Pharoah of Egypt.

...developing...