Gold $1345.70 OFF $14.50

Silver $21.44 OFF $0.82

This looks to be a continuing waterfall event on gold and silver prices. Silver's recent support at $22.00 has been taken out for the moment while gold is holding above recent lows. My son told me today that he heard Mr. Turk is predicting $600 silver. I guess I should be ok on the stash of coins we bought in 2011 at $33.

What amazes me is all the excuses positive gold analysts are making for their failures. I know when I'm wrong, the prices tell me. No way would I recommend anything to anyone if I personally had a loss in it, that's just not me. There are personal friends of mine that I directed into good gold compaies that are besides themselves with gold getting spanked so hard and it is severly affecting their values. What can I say except I blew it listening to a few well known analysts that had my respect. Now I only listen to Martin Armstrong who remains objective with his own programmed computer.

His computer has had so much success that it was reported that the CIA wanted it. When he said no to them, they took it anyway. When they attempted to rape it, it self destructed and they ended up with nothing. They held Martin in jail for a needless about of years through the Justice Department. When his case went before the Supreme court they basically asked the lead Federal prosecutor, "What do you think you are doing?" Needless to say, Martin is free today.