Bargain time for gold and silver investors
By Jeb Handwerger
This is one of those times that we have inveighed about so often. It is a typical “COM” week where markets are designed to confuse, obfuscate and misdirect the players. All thirty DOW stocks and commodities were down as Europe and Bernanke disappointed the markets with what they did not do. The markets were looking for a morsel of guidance, what they got was further silence and ambiguity.
The screens have been awash with a sea of red, protestors are taking to the streets in both the U.S. and Europe waving flags representing defiance. Green is hardly to be seen as many indices are near their lows of the year except the U.S. dollar (UUP) and long term treasuries(TLT). There are few places to park money where they are safe. The only havens are those by default. Thus the U.S. dollar and U.S. debt appear to smell like roses in a field of weeds. Hoarding dollars and U.S. debt is no way to promote a recovery.
The Debt tragedy of the West commands the market stage.