Is Silver’s Rubicon line of defense at 20$? Probably yes, I think that is the level to watch. The metal need to be above that price, from long chart to psychological level, or price of mining, bare minimum, under 20$ silver is a bargain no matter what. Gold finding his way back to those levels, 1250$ and 20$, that I have written for some time. Gold, as expected, should lead silver toward that price target, and above, just as it did today. Also at physical level, especially gold bullion, the yellow metal was the majority of our trades today. We purchased a lot of gold today, and large shipping of thousands of ASE. For sure silver best seller lately in silver.
Watch: Egypt revolution for gold and oil prices, Syria, why not? and don’t forget Europe and Friday US job data…not looking pretty this last one. Enough to say, go read what BS’s , what GS wrote about Payroll numbers , FED and his “taper nonsense” and the implications for investors.
Many are asking: could it be that we are riming with 2008-2009, when the metals collapsed just before the stocks and pulled back an incredible bull run?
After all, tomorrow is another spot price…