Basically longs are so scared that a single day where gold was down $20 caused gold stocks to lose as much value as they collectively gained on three days during the same week when gold rose by $20 per day!

Now silver is already trading back above $31.

#Gold is now up over 2% so far this week. Yet even with today's rise, all gold minings stocks have done is recovery their undeserved losses from earlier in the week. Gold could hit a new record high as early as tomorrow. If so, I expect a huge rally in the miners to catch up.

It's very clear that the #ECB regarded an #inflation rate slightly below 2% as a much bigger problem than it regards an inflation rate above 2%. It took extreme measures to raise the inflation rate, but it's only playing lip service in a muted attempt to lower the inflation rate.

If the #ECB really was committed to bringing #inflation back below 2%, it would not have cut rates today, even as the official inflation rate is further above 2% now than it was below 2% when the ECB thought low inflation was so dangerous that it held rates negative and did QE.

This is so ridiculous. Had I put all my money into winning Powerball lottery tickets I'd be even richer than had I bought the magnificent seven.

msn.com/en-us/money/ma…

Wall Street Admits The Biggest Economic Shocker: All Jobs In The Past Year Have Gone To Illegal Aliens zerohedge.com/economics/wall…

Well that didn't last long. After trading below $29.40 today, #silver is back above $30.40 this evening. The drop below $30 didn't last long. Silver may never trade below $30 again. If this is like gold's drop below $2K on Feb. 14th, it won't.

A few hours ago someone hacked into my email account, despite my having two-factor identification, then hacked into this account and changed both my user name and password, again despite two-factor identification. I have no idea how this happened, but I have since recovered both.

#Gold is up 1.2% so far this week. That's a nice gain in just 3 days. Yet gold stock are down. So far this week the $GDX is down 1.5% and the $GDXJ is down 2.3%, even as the overall stock market moved higher. I doubt there's ever been a bull market where longs where this scared.

Between yesterday's drop and today's rise, gold is now ahead by .5%. Yet gold stocks have only managed to recover half of yesterday's 4% decline.

Gold will soon displace the US dollar, and Americans are missing out
schiffsovereign.com/trends/gold-wi…

#Gold is up .5% so far this week, yet gold stocks are down ( $GDX & $GDXJ are down 3% and 4% respectively.) This results from a lack of confidence in gold's rally from stock market investors. So gold stocks fall much more on days when gold is down, than they rise on days it's up.