Tuesday, July 12, 2011

Gold Explosion

Um, Blythe.....did you forget about the yellow metal? 

Live 24 hours gold chart [Kitco Inc.]

Gold is now within 3 ticks of the all-time nominal high of $1577.
If gold clears $1577 and holds the level through 2 consecutive closes, look for silver to be sucked out of its consolidation zone and up towards $40.