muses of the moment

May 2, 2011

The week ahead

Filed under: Economic Crisis, Gold and Silver Investing, Odds 'n ends, Precious metals, The Banking Crisis — totallygroovygirlfriday @ 10:55 am

Jesse at Cafe Amercain had some good commentary on the showdown in the silver market. Click here. We shall see how the fight goes. This is a MAJOR problem for the paper silver/short silver investors. It looks like we have got the possibility of a major breakout if Bythe loses.

Major news this weekend. The one I was very interested in was Friday’s killing of Libya’s favorite son by NATO fighters that are not supposed to be bombing anything, only clearing air space. Of course, that potential political blowback was completely overshadowed by the Osama announcement Sunday night. It should be interesting to see how all this plays out.

I expect markets will react well to the news, as if this means terrorism is over. Silver and gold are taking a dip, but not much of one.

Greek debt still a critical problem.  USDollar still battling around 73 this morning.

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