Charts for Gold, Silver and Platinum and Palladium

[Country]

SILVER spot as of tonight is $21.20. We have more or less exceeded the 2007 high and are now approaching spot price levels not seen since 1979-1980. I remember when SILVER was last $25; that was in March 1980 (still got some junk SILVER I bought in 1979). Some of you old timers can remember how exciting a time that was for SILVER. The exponential rise of the PMs began in the fall of 1979; maybe we are seeing another exponential rise of PMs as we watch what is enfolding. Perhaps by the end of 2010 or sooner will this level be breached with gusto.

Magnificent uptrend in all the PMs as displayed by the charts. At this time the uptrends are going up strong. Unfortunately, these uptrend slopes remind me of the crude oil uptrend that went from $70 to $140. I'm loving it while it goes up like this, but straight up trends without any correction usually get a nasty correction at some time in the future. Let's hope from much higher levels.

http://www.kitco.com/reports/template_jimw.htm

[beauanderos]

I'm just glad precious metals are rallying prior to the next big stock market collapse. People will flee to PM's in advance, and maybe they'll hold up better this time if there is another selloff. Pay attention to how many days we stay at each new dollar level as silver heads up. I think you'll see a shorter and shorter period within each tier.

[Lemon Thrower]

don't get disheartened if we see a pull back. you have options expiration, etc at month end. going into october will probably be stronger.