The dollar is FINALLY catching somewhat of a bid this morning, as the euro is getting absolutely hammered as a result of Greek default rumors and yesterday's Finland election results. Gold and silver have been put on sale this morning. An all-out raid on gold has just commenced, as the cartel attempts to stuff gold back down below $1475 to prevent $1500 headlines today. Silver has worked down to $42.80, but thus far has avoided a knockout punch from the cartel.
Look for initial support at $42.60, and much stronger support should it work down towards the $42 level. Silver was due for a small correction, having run straight up nearly 10% in the last 3 + trading days from $39.80 to $43.40.
As always, enjoy the gift, be thankful your dollars can suddenly be exchanged for a few more ounces, and buy the dip!
