Loading ...Got up early this am – 4 am EST. Checked Kitco as usual. We’ve steadily moved up to the highs of the morning for the last half hour or so. Not jumping, just a steady push.
Silver up 1% sitting at the $28.98 level, only about $.75 from the spike highs from several weeks ago but not nearly as overbought. Chart actually looks really bullish. Don’t know what the fight will look like here at $29.
Gold is up $16. Chart on it looks good too but of course the moves aren’t so dramatic.
I’ve got to think that if the metals keep grinding higher the shares will pop. HUI 280 is a big level.
It’s ridiculously early and we’ve got another flation report so we’ll see.