In response to:

Good Week for Gold, Metals

jbazen Wrote: Apr 16, 2012 11:56 AM
WHY? Why do YOU think FDR removed the U.S. from the gold standard? So they could print more and more inflation dollars, which is nothing more than a not so hidden tax increase! Remember what our oil rich Middle East "Friends", said when Nixon took us of the silver standard? They said in effect "If you are going to pay us with funny money, we will increase our price! In 1948 gas= 2 dimes- silver dimes, yet TODAY with this same amount of silver you can still buy ONE FALLON of gas! That's governmental designed inflation! More and more dollars chasing the same amount of goods!

Gold was off yesterday $0.17 in early trading to $1,675.24 and silver was up $0.06 to $32.39, bringing the silver/gold ratio to 51.7.  As I mentioned the day before, when the silver/gold ratio diverges suddenly, it’s a good sign silver is going to adjust to narrow the gap and that’s just what happened and there’s probably still some room on the upside.   

Platinum, palladium, crude oil and copper all joined gold lower as the dollar gained ground on the euro.  The Euro-zone is supposedly in a funk this morning because China’s growth is slowing, but...