Monte dei Paschi’s stock halted again:Fear of a bank run/Lousy PMI figures from Europe/High unemployment numbers from Europe/
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
harveyorgan.blogspot.com / Tuesday, April 2, 2013
Good evening Ladies and Gentlemen:
Gold closed down $24.90 to $1575.10 (comex closing time). Silver fell by 70 cents to $27.22 (comex closing time). Early this morning we saw weakness in the silver price compared to the stronger action in gold. Generally this is a sure signal that an attack will occur and the crooks wasted no time in orchestrating a huge big downdraft in both gold and silver today. The bullion banks use the HFT traders to facilitate their actions. The hedge funds are massively short in both gold and silver and you can bet that JPMorgan is anxiously waiting in the wings to cover their massive shortfall.
In the news today, the 3rd largest bank in Italy and the bank witnessing the most problems, was halted again in trading as fear of a huge bank run is rearing it’s ugly head over there. Today we got our monthly European PMI numbers and they were ugly with Spain still in contraction mode at 44.2, Italy at 44.5 and the whole of Europe at 46.0. Even Germany was below 50 at 49.0
European unemployment is now at 12%.
Over in Cyprus, the finance minister has been sacked.
And we now hear rumblings of trouble over in Slovenia.
We will go over these and other stories but first…………………….
Let us now head over to the comex and assess trading over there today.
Thanks to BrotherJohnF
2013-04-02 17:47:02
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