Notes from JWR:
Wow! I guess that by now you’ve heard that the spot price of silver jumped nearly a dollar an ounce yesterday and in early morning (Asian) trading to $15.70+ per ounce. Meanwhile, gold topped $830 an ounce. I told you that the precious metals bull would continue his charge. This is hardly the top! The full implications of the housing market collapse and the credit market melt-down have yet to be felt. To use a quaint aphorism: “You ain’t seen nuthin’ yet!” Speaking of surging numbers, from our hit map I can see that Europe has developed a severe case …