The precious metals are showing strong indications of a possible breakout. Though we are entering the May to September period, one of historic softness, the technicals are looking stronger each day. Gold has managed to break through resistance at $1,160 and retest the level, falling below then moving convincingly through and away. Silver broke through $18 followed by repeated moves through that level in both directions until we get the strong move this week. Technically both metals are hinting at breakout!

All that we have seen in the past month exposing the CFTC and LBMA con games is manifesting in more physical demand. Potential physical delivery has been the weakness of the casino con-men for over 15 years, but is just now starting to have a real impact on the metals market. The white collar thieves still have paper and infrastructure on their side for the time being. But it is easy to see that they are getting weaker by the day.

The gains we have experienced this month are a great hint of much bigger gains over the next 18 - 24 months. It won't be in a straight line, but the odds are shifting to our side and we will be joined by more people finally understanding the difference between fiat and money.