GOLD & SILVER IN FREEFALL PLUNGE AS ASIA OPENS, SILVER TO $18 HANDLE, GOLD BREAKS $1250

Gold and silver are plunging in Asia as China opens, with silver down nearly $1 to an $18 handle and closing in on $18.50 rapidly, and gold down another $30 t0 $1245.

With China’s banking crisis suddenly being compared to the liquidity freeze in the wake of the Lehman collapse, the global financial outlook is suddenly beginning to resemble the fall of 2008.

Silver closing in on $18.50 after breaking $19:

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