Yup, gotta make sure we are light gold and silver in case there is a real market panic or a treasury default, wouldn't want be holding either of those shiny metals when they go to zero! Sometimes its hard even for us to believe that there are traders out there whose collective intelligence makes one positive he's entered the twilight zone.
Anyways, we'll take the discount and keep stacking. Silver remains in its broad range trade of $33-$39, sitting right about in the middle of it right now near $36. Don't take this consolidation period for granted, continue to accumulate physical silver. This is the time to build your positions, not once silver begins its next upleg to $75-$80 and all the excitement returns to the market. Buy silver now while its boring!
We do think there's a decent possibility that the stock market and commodities (and the market is likely to throw silver into this group) will sell-off once more and more traders become convinced that QE3 will not IMMEDIATELY SUCCEED QE2. We've said this for awhile, if QE3 is to be publicly announced, The Bernank MUST have a sell-off in the market prior to its advent so the politicians come begging for more punch bowl. The only way QE3 begins without a prior market collapse is if its conducted completely behind closed doors. We'll find out shortly which option the banksters are taking. For now, keep accumulating and prepare to increase the size of your buys on any sharp sell-offs related to "QE is ending" fears.
