I think we have hit a false bottom, way below where it should be. The big boys are jockeying for position as the funds come in during the next months. The banks hate gold.
The inventories of copper in the LME are at their lowest levels and there are minimal supplies. China alone has announced huge increased demand for copper alone which will more than offset any decrease in the U.S. Watch for copper prices to soar.
Silver bullion is not able to meet demand and it is believed that invantorie are all but exhausted around the globe. ETFs are playing games and hugely suspect on both allocation and vault custodianship of the metal. Kitcat is caught in a most compromising situation pooling silver between itself and Australian mint......there simply isn't the physical available to back up the paper games and investors will lose bigtime. Watch for upward price explosion at any time.
Gold...well, we all know, or should know the story here.....increasing demand, decreasing production...bull market for years to come. Safe haven in global currency debasement...it goes on and o as you all know.
I'm looking for YRI t be $30 by July.