Tuesday, November 16, 2010

Money Targets Fear-Induced Stupidity of the Herd

Have absolutely no doubt that silver will be pressed until at least the November 5th gap is filled. Why? Connected money is covering. When path of least resistance is down and connected money covers, expert fear to overcome the trading herd.

Paper Silver ETF (SLV):


Well-timed headlines and expert 'commentaries', such as the one below, are targeted specifically to the fear-induced stupidity of herd. These operations are professional on organization and execution.

Headline: Gold Prices Get Slaughtered, Settle Lower

Nadler believes that gold's "parabolic rise" will only balloon into a real deep correction when it comes and that it could be 60% to 80% of current prices. "It will look like a cave in ... the trend change will be something to watch." A 60% correction would leave prices between $800-$900, which is what some analysts believe the real price of gold is if you take speculation out of the market.

Source: finance.yahoo.com

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