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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday 23 February 2012

Silver

I have been umming and erring on the pm's recently.I was short gold got stopped on Monday and went long,then took profits yesterday.The weekly candles got me quite excited but we retraced to 61.8% from the 1928 high and on balance I am cautious here.I think we are about to see dollar up and risk off and that may hurt pm's.

 Here is a short-term silver chart.I can also count that 5 on gold


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