Big down day for the U.S. dollar -- big up day for gold and silver -- so far (still some time left in the trading day).

Excerpt from latest Ted Butler article.

f we get to $100 silver, or more, that will not be something the US Government will care to encourage, for a variety of reasons. Unlike the actions they have taken in the past, namely to sell or threaten to sell their vast stockpiles of silver whenever silver went up in price, that cannot occur again because the US Government no longer owns any silver. But they won’t look to feed a silver bull market at $100, so we fully expect them to suspend the minting of Silver Eagles (probably long before we get to $100) and the U.S. Mint would no longer buy silver on the open market. Both Izzy and I expect a premium to develop in all previously issued Silver Eagles if the US stops minting these coins (Above and beyond the premiums already existing in a certain number of series already). At $100 (if we get there), a box of 500 Silver Eagles will have a silver content intrinsic value of $50,000, plus any premium that may develop.