Gold above $1,380, Silver breaking $26, Platinum approaching $1750 and Palladium surpassing $680.
The Feds announcement yesterday of $600 billion is not being embraced by the global community. Metals are flying as a result while the US$ dollar gets hammered.
The global consensus seems to be that the US has fired the first shot to start the currency war back up, and the first major battle is under way.
A great article found on Seeking Alpha explains what is going on in the short market on silver
The game seems to have changed, as events are happening that have never happened before. “All’s fair in love and war.” is the best explanation as to what’s going on with the worlds financial situation. Bernanke’s explanation came much later last night, after the QE dollar amount was announced. This is not a norm. Here is the link to Bernanke’s Op-ed on the Washington Post.