THE PUBLIC GOT IT RIGHT and went CA$H for SILVER:
EBAY OBSERVATION on AMERICAN SILVER EAGLES:
Why would anyone buy on EBAY for this?
http://cgi.ebay.com/2011-AMERICAN-SILVER-EAGLE-ROLL-20-COINS-OUNCES-GEM-/230618394715?pt=LH_DefaultDomain_0&hash=item35b1ed705b
Why wouldn't you rather pay this?
http://www.golddealer.ca/clients.cfm
The KWN Weekly Metals Wrap:
Bill Haynes says: "The public got it right this time..... But we are going higher...Buyers are back in now..."
Then if you sold your physical you got it right! Buyers are back in now....
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/7_KWN_Weekly_Metals_Wrap_files/KWN%20Weekly%20Metals%20Wrap%205%3A7%3A2011.mp3
NEWS UNIT COMMENT:
I don't believe much of this is accurate. I don't think the public was necessarily selling because the public wasn't even buying to begin with. So since most of the public wasn't even involved in this on the way up I don't see how they could have been involved selling at a perfect top. No way!
Gold won't go down but I think we will see silver in the $20's and $40 will be long gone. This is simply a government controlled price reduction on this industrial metal.
Watch for the Sunday night sell-off and we will see the price range settle sideways for several months $27 to $32. It's GLOOM, BOOM, and DOOM right? Here comes the doom of deflation...
Bob Chapman on Friday:
Rich Dad Poor Dad:
Good thing I didn't liquidate my CASH accounts....that was close....
