http://www.kitco.com/ind/Bevan/jun02...
By Warren Bevan
Jun 2 2009 9:38AM
Bleeding Green

...surf to the website for entire article, below is a snipet...gold included...:

Silver rose 27.16% on the month and makes me giddy! Silver rose $2 in the last two weeks with the last $1 effectively completed the last two days of the month and is within reach of $16 and closed only a penny from the months high mark. Silver is so bullish but will likely need a bit of time to move above the $16 strong resistance level. Once that falls it’s $18 then $20 and beyond.

The are major battles going on between monetary authorities and their henchmen, and the large hedge funds right now. This months battle was won by the hedge funds. It’s so much fun these days, and as I said earlier so quiet, that it really makes me think we are just starting a major run up from here.

Recently the venerable Richard Russell mentioned we could be about to begin the mania phase in gold. That’s the third stage where the public comes in with reckless abandon. I must disagree with the legend. I maintain we are just at the start of the second phase where institutional buying begins to take place before they tout it to their clients who move in for the mania. I still don’t see much mutual fund activity or hear all that much about gold yet.

It is just starting and Paulson’s hedge fund recently putting a huge stake into gold and the equities is the beginning. He is a smart cookie and never the last to a party. He is one of many who will be trying soon to enter this small market and will result in prices being driven up much farther than you can imagine today.

It wasn’t that long ago that you’d nearly be roped up and shipped off to the asylum for saying gold would hit $1,000. It’s happening finally, now. Are you ready?