[MaadDaawg]

Interesting day today.

Stock market is tanking even more on fears of a European crises evolving around the assumed to be inevitable Greek default. The head of the Euro bank is out right admitting the Euro zone is a mess and doesn't know what to do about it.

Germany and France are publicly arguing whether or not to pay Greece the next round of bailout money unless Greece can put down collateral. With Greek bonds paying upwards of 87% with NO BUYERS, a default is likely soon unless the Germans change direction.

Three French banks that hold large amounts of Greek debt are getting their stocks hammered, while most the big banks in the US are also getting hammered because of their monetary positions with the French banks.

The strange thing is that both gold and silver are experiencing a minor pullback from previous highs so it may (or may not) be a good time to pick up some of both.