As an add on for my miners and refiners, I do watch the price movement of ferrous metals, and yes, as of late they have just tanked downward with iron leading the pack at -16%, steel (-6%), aluminum (-7%), copper (-9%) and nickel (-8%), with all of these markets just cratering to new lows and with record breaking downward action in some cases, resembling more of an anvil dropping off a cliff, rather than the normal day to day trading action. In some areas, such as rolled sheet steel, it was limit down last week, which ended up being 6% of the entire base price of rolled steel.
“Buy silver, sell gold” is the bold call of currency and money analyst Dominic Frisby in the latest edition of best selling Money Week. Frisby looks at the relative value of silver to gold and comes to the conclusion that silver is a better buy right now. We share his bullish view on silver and hence our current campaign regarding VAT free silver coins.