Click Here to Subscribe Now! Try a 3-month trial for only $68

My Introduction to the Tuskegee Airmen

By Richard Russell

 

This morning, gold climbed as high as 1188, after which the usual sellers came in and knocked it down to 1156.40. That didn't stop silver; however, which was higher by 13 cents to 15.99. I know that JP Morgan has a huge short position in silver on the Comex.

 

At mid-day the Industrial average was up 174 to 17,755. The move was neutralized by the Transports, which are down 3 points to 8,061 as I write. The NYSE is up 108 to 10,508. The stock market continues to dance to the Fed's music and since I'm a cheerleader for the US, I think an improving US economy will gradually take the US stock market up with it -- how far I don't know.

 

Below we see a weekly chart of silver. Note that silver appears to have bottomed and is now attacking its 50-day moving average. I would say that at ... Log in or subscribe to continue reading.


Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles