Gold and Silver Morning Update

Strong action in gold and silver continues today, as gold is at a fresh all-time nominal high of $1463, and silver is trading at new multi-decade highs of $39.75. 
Silver is already nearing its next big challenge of the $40 level.  A retest of the old resistance near $37.80-$38 is likely before silver takes out $40, especially as $40 silver is a number Blythe and our bankers cannot fathom.

Gold is trading in free sky territory, with no technical resistance above it.  Expect initial capping efforts near $1470-$1475, and round number resistance at $1500.  Gold will continue to remain the key however, as the bankers will not be able to hold silver under $40 with gold running up to $1500.