Precious Metals Weekly Analysis - Week 9 - 2 March 2012

Wow... a lot happened this week.  Bernanke came on and was called a thief and liar by Ron Paul (go Ron Paul!).  Silver and gold got smashed as he did it.  There was a big runnup the day before though.

One very good thing to see is BrotherJohnF, a Youtube silver analyst opened up a forum on his blog.  To any CGN'ers out there who still read these things, if you want to hear my ban-worthy rantings, you should troll his forum too.  It's a pretty happening place!  Check out his blog too, BJF is an awesome guy and his analysis can't be beat.

Hello to any BJF'ers out there :)

http://www.brotherjohnf.com/forum/



Also, if anyone felt a bit crushed by this Thursday's big smackdown.  Don't be.  It's all paper games and to those with the stomach to stay in, I firmly believe nothing has changed and when the physical fundamentals of the precious metals markets are realized, this thing is going to go nuts and anyone stacking will be handsomely rewarded.  I really recommend BJF's analysis video from the smackdown, if you're not convinced:

This weeks charts:

Gold

 Silver

Gold to Silver

Dow Jones Industrial Average

Platinum

So in conclusion, I'd say this week is a buy week for silver.  Not necessarily the bottom, but I bought 20 silver buffalos with confidence during the big Bernanke pullback.

Tommorow is an exciting day... a long awaited Fluttershy episode on My Little Pony.  Hopefully I'll see some of you gun nutz on BJF's forums, but if not, I'll see you in 2 months on CGN.  I have a sneaky suspicion I won't get banned from those forums, given how Ron Paul and welcoming it is of Christ-followers, I think I might stand a better chance there.

Talk to you all next week!