2.- US national debt is increasing by between 1/2 and 1 trillion USD annually.
3.- Annual gold production for the past few years has averaged 2500 tonnes.
Both silver and gold pushed up strongly in the last few days with Thursday the 15th August being notable as silver moved up 70 cents from 16.50 euro to the 17.20 area. This is hugely interesting because the silver price has been anchored down around the 15.00 euro area for most of the summer and just 2 weeks ago it was down to 14.80 as the Fed issued new commentary regarding tapering.
Ask yourself the 13 questions below and then ask yourself is the perceived bull market decline based on a change in the facts or on simple sentiment:
Are the PIIGs reduced their debt burdens?