As we said yesterday, now that silver has cleared resistance at $37.80-$38, we expect $40 to be reached immanently, likely this week. Losing no time, silver is half-way there, just hitting $39 for the first time in 3 decades. The big question now is can the bullion banks hold the $40 level? Expect a FIERCE resistance at $40, but we're not so sure they will be able to hold things there with gold breaking out as well.
Gold has also skyrocketed through resistance at $1444, which is one of Sinclair's angels, and has held the last 5 advances. Gold should target $1500 minimum with this move.
