13.10.2008 - Market mayhem continues, Silver crushed
From Resource Investor: Panic flight to cash, margin calls and irrational fear knocks gold and especially silver lower on the paper-contract dominated spot cash markets while the real physical bullion markets get even tighter. The divergence between pricing in the paper futures market and the physical bullion market reaches extreme levels for silver as the gold:silver ratio goes over 80:1. A popular saying is that ‘the end of the world doesn’t happen very often,’ but looking at the world’s financial markets this week suggests that people are exceptionally fearful and acting like this is the end of the world as we know it. Is it? Has the world finally been thrust into an unrecoverable tailspin? Do we now head into the abyss of chaos and bedlam?.... Full Article: Source
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