With markets going haywire and wealth destruction across the board, the G7 and the ECB have come out in an attempt to calm markets by letting them now that medicine, in the form of coordinatedintervention, is on their way.
Indeed anyone who bought silver since March 18 when the central banks engaged in coordinatedintervention to stem the rising Japanese yen, is not only under water facing capital losses, it is also costing them much more to remain long.