Silver!! $30 Target
Shiller PE = Historical highs still
Silver ripped higher today and has the all important $30 marker coming up fast. Silver put in a huge move today rising toward $27.50:
It did manage to settle below $27 up over $1.17 on the day, but as of this letter is firmer trading around $27.30. Gold was not to be outdone and it to was up some $43 today at $2043. The commodities and hard money those old stalwart relics have come to life and perhaps the global central banks secret may be out. How does fractional reserve lending work again? Oh yea you deposit $1 and create $9 in loans…what happens when you pull out that $1 dollar well $9 are no longer reserved…get the picture?
