Gold and silver prices seem to be at least in a lull in the storm.

October 14, 2011 – Gold and silver prices seem to be at least in a lull in the storm. Quite possibility the shuffling in and out is over for now, leaving strong participation in the hands of those who are in for the long haul.

It was a relatively easy adjustment for gold, but silver has experienced the pullout of big money. Until that rather large hole gets filled it will be hard to get things moving again without some major shock to Wall Street. But that could happen any day.

“Big Trouble Brewing For The Global Economy,” reads the headline of an article by Chris Martenson Seeking Alpha. In it Martenson predicts “that a market crash is on the way. In fact, … the entire future from here onward will be marked by sharp plunges (both crashes and regular market declines), followed by periods of stability, if not apparent recovery.”

The danger is in those periods of stability, in which investors get tempted to go back into equities. If gold and silver prices have fallen or simply remained level, the temptation will be even greater. But the “apparent recovery” is apt to end precipitously, wiping out vast amounts of wealth.

Presidential economic advisor Robert Shapiro, now with the IMF, has warned that if the EU does not deal with the sovereign debt crisis that in a matter of weeks “we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system” and take down some of the largest banks in the world.

And that’s just one of many time bombs ticking away around the world. When the first one blows up it will it will set off another, which will set of the next, and then the next … When it happens – and surely it will happen – we will have little if any warning.

Savvy investors won’t wait to see what will happen. They will head for the shelter of gold and silver investments while they still have time.

Shannon King

Senior Staff Writer –

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