Monday, July 18, 2011

Silver Back Above $40!

We stated this afternoon that it looked like gold could make a run at $1600 during globex/asian trading tonight.
While gold is still within mere tics of $1600, silver has just regained perhaps a more critical level technically.

After crashing from $49.73 all the way to $32.05, silver is now back above $40.

If silver can hold $40, look for the metal to jump up into the mid $40's possibly as soon as this week.

You've had 2 months to BTFD. It looks like our gift accumulation period is about over

The World Spot Price - Asia/Europe/NY markets
( closes in 15 hrs. 46 mins.)
Metals Date Time (EST) Bid Ask Change from NY Close
Gold Charts  GOLD 07/18/2011 01:29 1597.10 1598.10
Silver Charts  SILVER 07/18/2011 01:29 39.91 40.01

 Live 24 hours silver chart [ Kitco Inc. ]