Andy spent a sleepless Sunday night. He was watching another precious metals smackdown in the making. But then something funny happened. Gold and silver prices reversed their losses and started going up. The silver supply is still tight. Premiums on gold have stabilized but silver premiums are still high. In addition, there’s talk of another credit downgrade by Moody’s. The value of the US’s debt is quite dubious in any event, so what the ultimate affect of a downgrade will be is in doubt.
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