Plunge Protection

Hopefully he catches the money shot on the other end.

 

They have been trying to keep gold down, to no avail. People have lost confidence in them.

 

I have word from a coin broker saying that the Perth mint has just sold all of their 2012 1oz silver coins, especially the Dragons, 80% certainty to either China - the country - or a single buyer of size in China. Either way Perth Mint is sold out. That is their MINT folks. The Australian Government mint...the wind is blowing ill.

Just an FYI I will be checking personally.

 

That's just nasty.

 

getting ready for QE3 me thinks...

 

That snapshot doesn't really mean anything. The DJIA fluctuates like that on a daily basis. Look at last Friday, there's another ~300 point difference between high & low, same with the Friday before that in the opposite direction.

It's the long-term trends that matter.

 

Pretty good plunge today. Just a drop in the bucket, in the overall scheme of things.