Thursday, November 5, 2009

WIll Gold Soar

"Gold, Silver and PM stocks (not to mention gold itself) moved much higher yesterday and its taking place on on a very high volume - indicating that this is not a fake move. This is the case even though there is no breakdown in USD and the general stock market barely moved up, meaning that the PMs are very strong. If they are able soar high even without a significant help from these two key markets, then the moves corresponding to such help in the future are likely to be even more profound.
Therefore, if you were waiting to go long with the rest of your short-term capital dedicated to speculation in PMs, or you wanted to wait for a confirmation before adding to your long-term precious metals holdings - I think that it would make sense to do so now. "

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