iShares Silver Trust (SLV)

[canestsal]

Greek debt swap is going to happen

It looks as though the Greek debt swap is going to happen. This will mean less liquidity in the market, as creditors take a haircut on monies owed. This liquidity extraction will cause precious metals to decline today.

Greek debt swap = liquidity out of markets = precious metals down

Oil may be the exception to the rule, as Iranian and Syrian tensions continue to cause supply concerns.