Latest Raid Sends Gold to $1580, Silver to $28.50

silver raidAfter a brief 2 day reprieve Tuesday and Wednesday, your regularly scheduled COMEX gold and silver raid is back, with gold being smashed to $1576, and silver back towards $28.


1 OZ Gold Buffalo As Low As $74.99 Over Spot


Once again, the sell-off begins precisely on the COMEX open:



Gold selling off to $1576:

Jim Sinclair last night stated that a major bottom in gold could be placed as soon as today.  We don’t seem to be witnessing a capitulation quite yet, which could be expected to see gold test $1550, and silver break into the $27’s.