Sunday, April 17, 2011

Gold/Silver Turning or Tipping Point

It's time for physical metal now and the biggest physical market squeeze is on which is huge so buckle for big ride so better stay with it as inflation is going out of fed radar.Take a look at this article which tells us the race for the gold standard is on

Texas University Endowment Storing About $1 Billion in Gold Bars

Belarus central bank halts sales of gold for roubles

Gold has succesfully tested the Inverted H&S pattern support which is bullish and uptrend in tact after strong breaking $1440, And heading for $1580-$1600 on futures market making new highs drawn in red line on log chart.Spot price on gold is $1486.




Silver on the other hand is flying high so don't look for dips. So all you have to do is to chase until $50 which is all time high and $52.40 on futures market.Spot price on silver is $43.02

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PBS: Breaking The Bank