Monday, September 22, 2008

Gold up 2%, Silver up 5%

Just to confuse you, here's spot copper

We went through this one over the weekend. Here's the chart and the post. As well as the metal, silver cream begins to float upwards (including MAI.to and site sponsor FVI.v). My advice is to bet on certainties and not to bother with the USA.

Meanwhile in base metals world, copper rises nicely but nobody is brave enough to buy the stocks. In a confident market FCX and PCU would be zooming, but as nobody understands what the hell has just happened to the US financials sector, let alone explain it to the numbskulls tuned into CNBC, there's still more fear than greed.

I continue to like cash position. Preserve your capital. No heroics amongst this stupidity, please.