Could today's rally in Gold and Silver the start of an early summer rally? Both Gold and Silver started their upwards trend last year in August after Ben's speech in Jackson Hole.
With fiscal problems in Europe and countries worldwide debasing their currencies, the potential is a possibility for an early start to the fall PM rally...
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A 5 minute chart of Silver Futures. Quick, someone call the COMEX and tell them that Silver is appreciating too fast (from $34 to $35.69) in ONE DAY. The COMEX needs to increase margin requirements a few more times to bring Silver down to $23 an ounce so the banks can cover the remaining short positions. (And the COMEX numbnuts can short and make more money)
With fiscal problems in Europe and countries worldwide debasing their currencies, the potential is a possibility for an early start to the fall PM rally...
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