The CME pulled the plug on the silver bull raising margin requirements five times in order to slow the great rise in prices. Silver having dropped 20-25% in 5 days looks to have stabilized for the short term though certainly we should expect increased volatility and potential downside in the near future.
Curiously nothing has changed in the fundamental picture. Bernanke will still be printing up money and purchasing treasury debt next year. Deficits and debt are on the rise, the "debt ceiling" will be lifted shortly and the value of everyone's dollar will continue to be diluted. Where to put the hard earned savings so that they can't be stolen and melted into the public till? Better spread it around because it's getting more volatile by the day. When oil drops $10 in a day? Stay safe.
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