Wow. Forget gold! Silver is really the story out of Shanghai last night. When I went to bed silver was flat after having recovered slightly earlier in the evening around 8-9PM. Look at what happened after I went to bed. This chart for silver shows at 2AM, silver was down almost 15%!!!! We're only down about 4.5% right now. These last few days show us how fast the precious metals fall when people start selling.
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