| From Resource Investor: It is perhaps the ultimate irony in this great crash market of 2008. Exactly when precious metals ought to be soaring on safe haven demand; when they should be stronger than a acre of garlic as a place for people to store wealth away from the hurricane of uncertainty that has become of the forex market (and the bizarre fluctuations of its now hugely inflated fiat currencies);
The two most popular precious metals are instead being sold off on the futures markets just like all the other overly-leveraged commodities. The ongoing deleveraging and intense flight to cash has buyers terrified worldwide. They are locked-up, deer-in-the-headlights fashion, which gives the hedgers and short sellers supernatural strength...... Full Article: Source |