Gold is going insane! Gold hit a high of $1277 this morning and whispers are abundant that we could possibly see a unbelievable $1300 per ounce price very very soon.
As usual, the US dollar index is weaker, which is providing massive support to the gold market. US stock indexes are weaker early Thursday morning as well. Silver is looking extremely healthy with a high current high of $20.82. We will see $21.00 per ounce price by the end of the day? Probably not but we are getting close. Now is the time to get into silver if you have not already.
It is an exciting time to be a holder of precious metals as the current reflected prices are showing the true shape of the economy; which is not looking to good and the possibility of a economic collapse rings louder now than ever. Keep telling us main stream media that the economy "is improving" and that "we are not in a depression but a mild recession." The precious metals market is telling all of us something else.
-Blogging4Bullion
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