Blythe Fails. Silver Above $41, Gold Above $1620

Those who have been reading SilverDoctors over the past few days understand how potentially critical the $41 level is for silver, particularly today on options expiry.

Well, the cartel has now completely, utterably, and miserably failed in its attempts to induce a gold close below $1600 and a silver close below $40. 
After numerous valiant attempts, the cartel visibly threw in the towel after the pit session close, and gold and silver subsequently have vaulted higher, with lasts at $1621 and $41.05!

MARKET IS OPEN (Will close in 1 hr. 11 mins.)
		Metals	Date	Time (EST)		Ask	Change			High
		GOLD	07/26/2011	16:05		1620.80	+5.00	+0.31%		1620.90
		SILVER	07/26/2011	16:05		41.05	+0.56	+1.39%		41.07