Commodities Take Out Support As Deflation, Economic Slowdown Fears Surge

Submitted by Tyler Durden
05/04/2011 10:43 -0400
269 comments

And so the overly expected "deflationary" wave takes hold, just in time for silver to take out the $40 support. Next up: everyone runs to the exits over fears that despite nothing having changed, deflation is gripping the land, which, of course, is precisely what the uberprinter needs in order to get QE3 approval. In the meantime, weak hands should certainly hit those bids. While that is happening, we eagerly await to see to what record low Comex registered silver drops today, not to mention seeing InTrade odds on whether QE3 will come in August or November...



http://www.zerohedge.com/article/commod ... ears-surge