Q: The commercials have been known to pull some shenanigans ahead of the non-farm payroll report which comes out this Friday. Is there a possibility that the bears will attempt a raid here on the Fed news ahead of that non-farm payroll report? If so, how resilient do you expect that gold and silver would be during that raid James?

A: “If the Fed announces less QE than what the market is expecting, you might get a little downside pressure in gold and silver but I think it will be short-lived because there is a lot of money waiting on the sidelines waiting to buy the physical metal.

Silver is leading but everyone should also be expecting a breakout and a new record high in gold to occur in short order. Very powerful forces are gathering to crush the shorts in silver. It will be very interesting to watch as the shorts attempt to hold the line at $25 on silver, so sit back and enjoy the show.