Monday, May 2, 2011
Euphoria doesn't last
My news sites are filled up with Osama bin Laden stories. This suggests that the news is getting strong play now, but this will fade over time. Once that happens, the underlying situation will reemerge. Prior to this event, the metals markets were going parabolic. Now, that seems to have flattened out. Silver took a big hit, so I understand. Silver has been in a bigger move than gold. Now, supposedly with the death of bin Laden, everything is hunky dory. It may seem that way for awhile, but nothing much has changed. I expect this will last for a few days, but will resume once the story fades out.
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