After vaulting higher on the COMEX open, then tapping the ceiling at $34 for several hours, silver has finally cleared the cartel's cap at $34, running to $34.28. Don't be surprised if the cartel attempts to hammer the metal back below $34 after today's fix and the end of reporting for this week's COT. Silver MUST be kept from breaking out and clearing $35 in order to prevent a clear breakout from the 9 month down-trend openly visible to all. Such a break-out, coupled with further can kicking and printing in Greece, would be massively bullish for silver.
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(Will close in 6 hrs. 5 mins.)
Gold's price chart looks almost identical to silver's this morning, also going vertical on the COMEX open (that sure feels weird to type!), visibly capped for several hours at $1750, then resuming it's vertical ascent once $1750 was taken out. If gold can hold $1750 for two consecutive closes, it will set up its next advance targeting $1850, and from there, the all-time nominal high near $1915.