Gold closed today up $15.10 to $1438.90. The price of silver closed at a 31 year high at $37.87 up 37 cents.
But right after the Comex close, the banksters knocked gold and silver down, there were six attempts to take prices down, the selling was sharp but inevitably ineffective. Both Gold and silver are up slightly right now. Despite the rise in God OI fell as Banksters took some shorts off the table. And the OI in Silver dropped a bit as well.
As you may have read in my earlier posts that gold has printed an inverse HNS pattern and is trying to break out, near term target 1540. Silver is right up against resistance, I was call for 40 my end of March missed it by two bucks, silver is stuck in a range. Major Support is at 36.5, resistance at 38. If you are really nimble you can trade it.
Both are headed much higher, you know how I know. Are we increasing or decreasing spending (Govt.), is the national debt situation improving, are the prices of things going up or down, how does North Africa and the Middle East look, are we out of Afghanistan and Iraq. How does the dollar look?
I'll start to get worried IF and WHEN that changes and at some point it will.
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