Tuesday, 12 April 2011

BTFD! When Oil Goes down Gold Naturally Goes with it!

Gold and Silver are taking some collateral damage, because of Goldman's openly announced attack on the Oil market today.

"Not like Goldman did not telegraph their intention to crush crude yesterday. Alas, the market which now has a 24 hour real time delay function, only managed to digest the news today. The result: a plunge in Euro Brent from an intraday high of over $126 to about $122. And courtesy of everything being correlated once again to the inflation trade, asset prices everywhere are plunging" 

- ZeroHedge