by Michael Noonan, Gold Silver Worlds:
Almost everybody wants a back story, some information to explain what is going on with gold and silver, mostly looking for some kind of psychological calm as prices decline, or a ray of hope to reinforce why price may reach the sun and the moon. Is there anything that has not been presented, repackaged and represented that has not already been more than fully covered to justify much higher price levels? Have any of them achieved what was promised?
Instead of exceptionally higher prices, as a counter to the exceptionally dire reports of the demise of central banks, their [lack of] gold holdings, the precipitously low COMEX and LBMA inventories for the metals, the inability to make good on deliveries over the past few months, etc, etc, prices continue to probe the recent lower levels without any signs of a turnaround. Guess those valid “fundamental” reasons were insufficient to lift prices up.
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