Wednesday, August 24, 2011

Gold Smashed Back to Sinclair's $1764, Silver to $40.50, Kitco Down

Gold has now been smashed $150 lower from Monday night's highs down to $1764, silver has been knocked $4 down to $40.42, and the raids continue.

Shell-shocked gold and silver bugs have apparently crashed, as numerous readers are reporting the site is now down, which we confirmed when we attempted to pull live charts.

Could The Bernank actually be planning to publicly announce QE3 on Friday?
Official QE3 on Friday is starting to look like a possibility as the cartel increases the intensity of their attacks on gold and silver.

Again, look to professionally respond to this weakness and BTFD!