Some of us have more $ in bullion than PM shares, so that is a fair question.
The answer...HELL YES!
With gold up $40 and silver up $1.30 off of morning lows, we can see a likely end to this 2 day healthy and bullish retrace down as Greece dangles in the breeze.
Since the lows 9 trading days go at gold $1604 and slver $29.94, gold rose $148 to $1752 last Friday. Silver rose $5.70 to $35.65........THAT IS A BREAK OUT!
In TWO trading days, gold has retraced $71 to a $1682 low today.....silver has retraced $3.52 to $32.12 today. These quick retraces should clear the path for new monthly highs into mid month, then another quick and nasty scare, then on up into January....bank on it.
AUMN is clealy a disappointment thus far, but I didn't bet the farm on it.
Scout is gone? The Arizona fellow? He was a thorn in me at times, but I always respected his conviction even when I disagreed....wish him well....pic
