While there have been some monetary releases from Germany and China that have expressed dissatisfaction with the American dollar... and the American elections of late... I think in the real short term the swirling we saw yesterday continuing into this morning was more likely due to the Thursday holiday throwing a wrench into the flow. Nothing has changed in the big picture except fuel added to the fire for bullish argument on gold and silver and certain commodities.
Grandich called it a bear raid at the close; he wasn't speaking about the Canadian markets, but I think the wave spread a bit. I know I saw the same thing here.
http://www.grandich.com/2010/11/bear-raid-145pm-est/
Kitco... http://www.caseyresearch.com/gsd/
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