Wednesday, May 25, 2011

Today's M^3 - Silver on the rebound, up 10% in the past week

Today's Major Market Move: After the drubbing that silver took recently, it's now reversing course and moving back up. As long as oil stays away from $150/barrel and US treasury rates remain at rock bottom levels, the threat of more QE will hang in the air. This in turn provides support for PM prices.

(Click on the image for a larger view. Click here for a current listing of commodity futures gains/losses.)

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