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As stated in many of my previous post, I knew that the precious metals market was going to start taking off starting in the winter months but I never expected the market to climb so quickly in such a short amount of time. Today we are seeing the gold charts going vertical! Currently we are looking at gold($1407 per ounce) and silver($29).
Gold's high is caused by all the usual suspects: A lousy U.S. jobs report, a weak dollar as well as the markets reaction to the aforementioned jobs report. We may possibly see $1450 - $1500 by January.
Silver is jumping due to the strong investment flows coupled with industry demand that is expected to continue well into 2011. Right now, silver eagle sales in the month of November hit an all time high and availability of silver is starting to dry up. We all know that the silver market is manipulated by (I'll let you figure that out) So now is a really good time to get in on the bottom floor. It just maybe the best investment opportunity you have made in the last ten years.
-Blogging4Bullion
Blogging4Bullion's past related articles:
Blogging4bullion - Silver at $23.00
Silver hits $20
Gold Dropping = Happiness!
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