Gold struggled but prevailed to clear that ever elusive $1300 mark. Silver is also breaking out, hanging close to $22.00 per ounce which has me giddy at the moment. As I stated before, these are very exciting times for precious metals and I predict it is going to get even better. There are an abundance of economic signs that we could realistically see $1400+ per ounce by the December/January time frame. This means that if you have not gotten into the game, now is a pretty good time and if you are already invested you are doing extremely well. Keep on stacking everyone.
-Blogging4Bullion
Original post from 9/22/2010
Precious metals are doing extremely well today, silver is experiencing a high, hanging around $21.10 and gold is just shy of $1300. The yellow metal apparently seems to be experiencing some challenges getting to and past that $1300 mark.
Again this current rise in the precious metals market is due to a slumping US dollar as well as the Portugal/Euro crisis that is not really getting any play in the mainstream media. The Portugal situation is definitely something we should all be watching. Economically, this thing could get outta hand extremely quickly if it is not handled correctly.
Those that are starting to sell off due to the highs, well nothing wrong with making money but all the signs are pointing to greater gains in the near term. "Hold em if you got em."
-Blogging4Bullion
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