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Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd...

Silver leaps 3.5%, gold gains 1.6% and crude oil rises to just under $98 as traders try to crowd ahead of anticipated Fed stimulus. “If they keep teasing - like Pavlov’s dogs, traders keep trying to run in front of the announcement,” ICAP’s Kenneth Polcari writes. JAG +3.8%, GOLD +2.6%, AG +2%, PAAS +1.9%, EGO +1.8%, SVM +1.5%, SLW +0.6%.
Comments (10)
  • The Pundits never bring up that it might be a rush to getting rid of your Dollars, Pounds, Yen, and Euros before they are worthless...Worth less....
    23 Aug 2012, 09:50 AM Reply Like
  • Nah. That couldn't be it. We're fine!
    23 Aug 2012, 10:09 AM Reply Like
  • I think it has more to do with big money coming out of Europe as it appears the Europeans have finally gotten the will to shore up the problem so now there isn't any money to be made in Europe. So they speculate on oil. The price of oil began to increase about the
    Time Europe began to quieten down!
    23 Aug 2012, 10:09 AM Reply Like
  • These guys still don't understand the slow motion process of currency destruction.. they never have.. they never will... when they're trading lead for bread (.22 cal) they'll begin to understand that maybe this time it's different. That hollow laugh is coming from your own throat.
    23 Aug 2012, 10:53 AM Reply Like
  • I just cant believe that no major media outfit is covering this price action. Fast Money, Mad Money, Kudlow, Options Express, no one is covering this massive rally. Do they really want to keep it on the hush that much?
    23 Aug 2012, 11:19 AM Reply Like
  • Since when is the major media worth anything? Never!
    23 Aug 2012, 12:51 PM Reply Like
  • Oh I agree, they aren't worth their weight in, well anything. But to cover everything else under the sun financially related and to not cover this boom is beyond me. They want to keep the sheeple unaware of what is going on as the dollar continues to lose value as a currency and OUR real MONEY continues to mirror/grow in value. Just glad everyone here on SA is smarter than the average Joe- knows to hold physical, when to enter and exit etc.
    23 Aug 2012, 01:08 PM Reply Like
  • Yes, Yes they do
    4 Sep 2012, 05:21 PM Reply Like
  • Look to the juniors like Guyana gold to outperfom the majors. This is a seasonal play . link Silvercrest is about to list on the NYSE which exposure will benefit the share price.
    23 Aug 2012, 12:31 PM Reply Like
  • Silver and Gold bucked the stronger USD trend and pushed higher.
    4 Sep 2012, 05:22 PM Reply Like
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