Silver Leading the way up

1for1

1for1

Well-Known Member
Mmmm.. Silver breaking out, looks like its leading the way.. very bullish for PM's

EDIT - you guys just see that huge spike... some serious guns blazing fire power

Positivity is in the air friends...
 
Nothing to get excited about yet. Five days in a row like this then it could be interesting but the down trend remains.
 
IAll leading up to Greece's servicing of their EU debt. I understand from another thread that they can pay in coin.
 
The reason why gold and silver went up was mainly because of gold. Today, Venezuela "loaned" citibank 1.4 million ounces so that they could get fast cash to help them with the oil price problem To the tune of over one billion dollars.
 
fltacoma said:
The reason why gold and silver went up was mainly because of gold. Today, Venezuela "loaned" citibank 1.4 million ounces so that they could get fast cash to help them with the oil price problem To the tune of over one billion dollars.
Click to expand...

Someone sells/loans 1.4 million ounces essentially into the marketplace to buy dollars and and the price goes yup $27? That's a little backwards to my way of thinking. There has to be something else going on, that's a move that should be good for the DXY and bad for gold but it didn't happen that way. Either the real story is something slightly different or something else was overwhelmed that news. Could be an interesting Friday, the aussie has done well for itself the last little while.
 
could get a few more days of rallying out of this, watching the NY opens for the next few days
 
Apple Gross Domestic Product figures under three hours and FED minutes later today
 
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