***Precious Metals Investors Club***

[White Cobra]

Fears Are Confirmed

I stated over the weekend that I felt a raid was coming. I missed it by about a day, but all the same it is here.

Both silver and gold have been gutted and are still dropping. News of Chinas economy possibly strenghtening and other fuzzy numbers are not really helping precious metals. Granted, I am not selling anything at this point. In fact, if I can, I may try to pick up some junk silver at discounted prices. Might as well see if I can take advantage of the manufactured panic selling.

Do wish I had sold a bit of my gold to counter the tax man while gold was above $1600. Nobody's error but my own. Now, I will just have to wait and see how long it takes to get back in that area. Personally, I do not think it will be all that long. As usual, watch Europe.