by Steve St. Angelo
Today the gold and silver prices surged higher as the Fed and central banks continue to prop up the global economy and financial system that suffered a massive heart attack. Today, the gold price jumped to the $1,750 level, while silver is almost back to $16. Demand for physical gold and silver bullion remains high as the availability of coins, bars, and rounds are still in short supply.
While the metals prices increased along with the broader markets, the oil price went in the opposite direction and is currently down 8% at $20.61. This is horrible news for the continued dream of U.S. Energy Independence. Shale oil and gas companies are being DESTROYED in rapid order, even though the corpses haven’t shown up yet.