Here it comes, just as I predicted: Silver Investors Dump Futures as Comex Boosts Speculator Trading Costs 84%. But even if the COMEX governors kill the futures market, they won’t be able to destroy the physical silver market. The demand for physical silver is just too great. Expect lots of volatility with some huge price swings, in coming months. But in the long run, as the Western economies go into stagflation, physical silver will rightly be seen as a safe haven, gaining against the rapidly-inflating fiat currencies. (Or rather, I should say the currencies will be losing value, whilst silver holds its value.)
Kory recommended this: Silver Versus the Dow May 2011
John R. suggested some commentary from John Butler: It’s the End of the Dollar (As We Know It)
Also from John: Fiscal Spending – The Steroids of GDP
Michael M. sent this: More than 1 Billion People are Hungry in the World. Can revolutions and regional wars be far off? Here in America, we should beware: Displaced people from Central and conceivably even South America could walk here.
Hussman: This Market Is Setting Up Just Like Some Of The Worst Markets Of All Time. (Thanks to C.D.V. for the link.)
Items from The Economatrix:
Adjusted for Inflation, Dollar Hits Fiat-era Low
Brace for a Bout of Stagflation
Gas Spending and Prices By State