patrick.net

Holy shit, bombs away.

I call Corn next.

No kidding, big pullback for PM's. Supposedly now, $20 is the new possible bottom for silver. Corn, I think will fall as the summer growing season turns out to be bumper. Supposedly commodity deflation is coming, I'll believe it when I see it

So the money shifts from gold and silver to what ?

By the way, silver hovered around $6 an ounce from 1985 to 2004. About 3 years after the invasion of Iraq, commodities like gold and silver dramatically started to increase in price.

Well, now that silver and gold are crashing, will we no longer hear all the bleating about how "gold is money and always retains its value"?

I wonder how much of that money will flow now into real estate.