Silver prices are having a tough session, and traders who saw August as a month to rebound from a bearish July are wondering why silver is going down.
The $17 billion settlement reached today (Thursday) between the U.S. Department of Justice and the subprime mortgage meltdown progenitor, Bank of America Corp. (NYSE: BAC), is the largest penalty of its kind in U.S. history.
But it’s still not enough.
Today’s gold prices fell to levels not seen since mid-June.
Indeed, some of the numbers are downright scary just now, both in nominal value and in terms of red-light factors blinking on the horizon.
The rats are fleeing their listing ships…