Friday, May 6, 2011

Gold and Silver Morning Update

Bounce?


Is the correction over? Its too early to tell for sure if the bottom is in, but silver is currently making its first significant bounce since its free-fall began.
Less than an hour ago silver was making new lows at $33.05, and it has now surged all the way to $35.35.  Will silver retest $33 before the final bottom is placed, or will it continue moving higher? 

We don't trust the cartel for a minute, expect them to continue to bring their big guns out of the bag to force silver under $30.

Gold has also surged from $1474 to $1495. We would like to see gold re-take $1500 We hope our readers have already listened to us and purchased silver, but those who have been holding out may want to act now.