Fairly amazing activity on EBay - silver and gold bullion coins are still trading at pre-crash prices.

It might be a tad earlier to get too cocky about it but something amazing is happening in the common man's silver and gold market.  Silver coins are still going for about $33 shipped and gold coins are still going for north of $1700 shipped.  People are still bidding on these even though spot silver and the fake paper trading funds called SLV and GLD have gotten whacked but good by the recent panic sell off in metals.




So it seems that the panic is really, at least for now, in paper assets, not in real, physical assets. I've never seen this happen in the years I have been following the markets but I always predicted, and many times in these very pages, that some day the price of physical gold and paper traded gold (and silver) would diverge massively.  No telling if we just saw the tipping point on this but hear me now and believe me later: either the con men who are running the paper price of gold and silver down wake up and reverse their smack down pretty quickly or the market will take notice of the massive divergence between elite traded paper products and real metal held in the hands of the common man.  If that happens then I believe it could start a major run on the COMEX which is already in deep sheep dip from a reserves standpoint.  If the COMEX begins to fail to deliver, the paper based market house of cards could easily unravel around it.  The speed of collapse could truly be historic.

All of this is happening as America sees a middle eastern style bomb terrorism attack at the Boston Marathon.  I don't know if this was a false flag attack by government to distract us from the collapsing economy or if the collapsing economy caused some a$$ to think he had nothing to lose and so he "lost it" as Gerald Celente has been predicting.  Either way it is not unexpected.  Like Celente, I have also believed that the collapsing scam of fiat currency and fractional reserve banking would come home to roost in the form of civil unrest of all forms, domestic terrorism included.

We failed to elect a fair and honest government such as the one that Ron Paul would have provided.  Now we get to live with the consequences.  As Patrick Swayze said in "Next of Kin", "You ain't seen bad yet but its coming".