Silver is down over $2.00 the ounce right now. This market is ruled by a rush to cash and liquidation for margin as the Dow is down over 1,000 points in the last week and down 300 points today. Maybe the markets can now have the purge that have been needed for the last three years. After this purge and a business friendly change in the federal government the markets and economy will return. But, Cash is king right now and for the foreseeable future. This doesn't mean that inflation is dead, it means we are going into Jimmy Carter like stagflation and this can and will get very ugly especially in the urban jungle. Precious metals will recover from todays (this weeks) sell-off.
Oh well, just my happy economic thoughts for a beautiful day in the best country in the world... George