Another reason for the silver/gold smashdown from tonights MIDAS

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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mike97

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Another reason for the silver/gold smashdown from tonights MIDAS

posted on Jun 23, 2010 05:01PM

Richard Nachbar...

Bill:
It was great to hear several of your regular contributors list all the "reasons" in your Midas column last night why gold had to be taken down hard on Monday: option expiration, FOMC meeting, positioning for the Toronto G-20 meeting this weekend, etc. etc. But another big "reason" for the takedown was missed. This clip from my newspaper last weekend says it all...

ANOTHER $162 Billion of debt had to be swallowed by the world's savers again this week (a $2 Trillion annual rate). Madness!

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