i can't remember seeing a rally day like this in three years. yesterday even though metals prices were up, the mining sector was dragged down along with the broad market. not today, though. major producers were up 10% and it was hard to find any gold or silver stock, big or small, that wasn't up at least 4%.
the bad guys had drawn a line in the sand at $960 gold, and that was obliterated today. they finally stepped in with the 2% rule, i.e. gold must never be allowed to rise more than 2% in any one day, but at least the mining shares made up for yesterday's poor performance. the experts said gold would have to go through $1,000 three times to stay there, and we've already seen that happen twice. now that the sumer doldrums are ending, and labor day weekend is coming up, perhaps gold will make its last run at $1,000.