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Message: A Ferocious Breakout by Precious Metals

A Ferocious Breakout by Precious Metals

posted on Sep 03, 2009 11:47PM

this is from christopher barker's blog. he doesn't say very much, but he says it in a very descriptive way:

Gold and silver are preparing to reverse an 18-month correction.While Wall Street's zookeepers tighten restraints around the waking bear that was tranquilized after last year's equity-mauling rampage, elsewhere in the park, an animal has broken free.

Leaping a tall fence and trampling its short captors, the gold and silver bull is running amok. By itself, a quick $40 surge in the gold price is not without precedent. But a nearly 10% move in silver, and a dramatic breakout throughout the precious-metals mining group, signals an obvious sea change from the range-bound trading that had characterized recent months.

http://www.fool.com/investing/general/2009/09/03/a-ferocious-breakout-by-precious-metals.aspx

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