Long Position on Silver and Gold?

[sellersm]

My guess is that it won't go down much further, perhaps it will hit in the $18's, but not stay there for long.

Today, China announced that it wants to start doing oil deals in NON-USD currency. And other announcements are going on right now... Why isn't the PM market responding? Yep, that's right, to keep the USD afloat and perpetuate the charade that 'all is well' on Wall Street...

Remember, buy LOW and sell HIGH!

[Sawin]

My guess is that it won't go down much further, perhaps it will hit in the $18's, but not stay there for long.

Today, China announced that it wants to start doing oil deals in NON-USD currency. And other announcements are going on right now... Why isn't the PM market responding? Yep, that's right, to keep the USD afloat and perpetuate the charade that 'all is well' on Wall Street...

Remember, buy LOW and sell HIGH!

Is that China news actually new from today? I recall hearing something about that at least a few weeks ago, and very strangely it didn't get much press and the markets didn't pay much attention... BS anyone? I agree the suppression of PM's is 100% real and we should all be taking advantage of it, but I'm just not convinced this is the bottom yet. I am hoping for it to dip in to the low teens, but I could be wrong.

[sellersm]

Is that China news actually new from today? I recall hearing something about that at least a few weeks ago, and very strangely it didn't get much press and the markets didn't pay much attention... BS anyone? I agree the suppression of PM's is 100% real and we should all be taking advantage of it, but I'm just not convinced this is the bottom yet. I am hoping for it to dip in to the low teens, but I could be wrong.

Well, perhaps it was yesterday. The feed I saw was dated today, but the source was yesterday's article:

http://www.bloomberg.com/news/2013-1...-reserves.html

This one's today:
http://www.reuters.com/article/2013/...0J62M120131121