07.10.2011 - Why gold & silver got hammered
It seems that there a perfect storm brewing for the metals and it has caused what most are calling a near term “corrective phase”. Both metals had been red-hot and setting new all-time highs. By my view, one positive for the longer term picture surfaced in the trenches a couple of weeks ago when many big fund manager’s sentiment turned short-term negative. While there remains a ton of long-term bullishness, the near term will most likely remain on shaky ground according to a survey taken today of bullion dealers, investment banks, futures traders and technical analysts..............................................Full Article: Source
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