Wednesday, August 31, 2011

This Week's Sign of the Apocalypse: Silver Up to $42, Gold DOWN to $1820


Live New York Silver Chart [ Kitco Inc. ]

It appears that Blythe fat fingered silver in the wrong direction this morning.

We can't remember the last time we saw a dollar vertical move in silver outside of a QE announcement.



Live New York Silver Chart [ Kitco Inc. ]

Gold bounced as well, but has since lost most of its gains, while silver continues to resiliantly hang on in the upper $41's.

Live New York Gold Chart [Kitco Inc.]