SILVER BLASTS THROUGH $34 ON MONDAY ASIAN OPEN
SEPTEMBER 9, 2012
Gold and silver have extended last weeks big gains on tonight’s Globex/ Asian open, with silver blasting .25 higher, through $34 to $34.10, and gold up $5 to $1741.
The psychologically important $35 and $1750 are acting like a magnet pulling silver and gold upwards, and it appears both critical levels will be at least tested early in the week.
Should Bernanke make unlimited QE official on Thursday as is widely expected, $35 silver and $1750 gold will be history, as the metals will EXPLODE higher.
If Bernanke were to disappoint, expect the cartel to drop the hammer, with silver likely testing $32, and gold retesting $1650. For now, the rally continues.