Friday, September 2, 2011

Silver Vaults Past $43, Gold Up $50 to $1882

Gold and silver are vaulting higher after the NFP disappointment,with silver up nearly 5% on the day to $43.29 before backing off slightly, and gold up 3% to $1882!

(Will close in 8 hrs. 6 mins.)
Metals Date

Ask Change Low High
Buy gold Gold Charts  GOLD 09/02/2011

1858.50 1882.30
Buy silver Silver Charts  SILVER 09/02/2011

42.36 43.29

The 3 day charts clearly show breakouts in both silver and gold this morning.
With silver decisively breakout out past $42, a near-term target of $45-$46 comes into focus baring any unforeseen cartel raids/ margin hikes.
At this point, Blythe should consider herself extremely lucky if silver has NOT broken out to new all-time nominal highs and heading for The Doc's target by October.

Live 24 hours silver chart [ Kitco Inc. ]

Live 24 hours gold chart [Kitco Inc.]