Well, we have the makings for a GREAT SILVER SPIKE this week.We will see $3-$5 ranges in silver this week for certain.They have shown they cannot push silver around anymore because REAL demand is what is moving the silver market and their naked-shorts are working with very limited success.
Do they(JPM, GS, HSBC, etc....) have one more trump up their sleeves?
Will they try shorting gold to drag silver down to help prop up the defunct US$
THAT is the $64,000 question!
---->(BUY UUP $21.00 JUNE PUTS .LAST chance)<----
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Gold Opens $1,520, Silver Over $50 Everywhere But Comex (For At Least A Few More Minutes)
While markets are relatively quiet everywhere, precious metals have just gone apeshit. Gold opens at $1,520 while silver hits $49.70 on the Comex, drops, and is backing up again last treading at $49.22, as the world is pricing in the end of the US reserve currency. The parabolic melt up is in full force and we expect the nominal Hunt high to be taken out today, after which the resistance is the real Hunt high somewhere around $140, courtesy of the Federal Reserve confetti.