Subprime lender Novastar implosion... Thats what is driving the Gold (Au) + Silver (Ag) market tonight, at least thats the reason silver bugs like me will buy silver tonight.
Subprime lenders going bust = credit crunch
Credit crunch = Fed flooding the market with liquidity (FFMWL)
FFMWL = more money driving Gold and Silver up out of fear
Yet... Yen is still pretty weak right now. Who is going to win the race to devalue quickest... Fed or the Bank of Japan I wonder.
Dear 孫兄
ReplyDeleteI'm Albert,the one who left message in appledaily,not the analyst one.Last time I was happy to discuss about silver with you.I will go to Australia for few years,however I will keep reading your articles,so please 篤 harder.
Wish you all the best.I'm happy that I followed your suggestion to buy silver so that I can hedge for the increasing AUD,hahaha.
Best Regards
Albert
hey...
ReplyDeleteGood luck in Australia. I will do my best.
And as for the AUD, it WILL trade to parity 1:1 to the USD soon.
As to how soon? hehehehe
Keep the advice and comments coming. I really do appreciate them
= )