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Gold/Silver back up sharply

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Gold/Silver back up sharply

Postby theo » Mon May 20, 2013 11:26 am

Silver is back up to almost 23.00 and Gold is almost at 1400. Both are up over 2% in less than 20 minutes.

A large buyer perhaps?

Quite a ride!
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Re: Gold/Silver back up sharply

Postby johnbrickner » Mon May 20, 2013 11:59 am

Might this be in reaction to the fed deciding to buy the govt debt 'till Sept 2nd?
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Re: Gold/Silver back up sharply

Postby InfleXion » Mon May 20, 2013 12:06 pm

It looks like there are sell stops at 23 and buy stops at 21. We'll just have to wait and see, but I've always felt that volatility is our friend. Even though it makes for a wild ride volatility is a pre-requisite for the next echelon of higher prices. I'm just glad I pulled the trigger when we first hit $21 on my most recent purchase. I did not miss the bottom, so far. :)
Silver: the Rodney Dangerfield of precious metals.

If it's printed on a piece of paper it's worth the paper it's printed on.
If it's a digital asset it's worth the electrons in cyberspace.
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