GOLD & SILVER BURST THROUGH CARTEL CAP AT $1730 AND $32.60
NOVEMBER 14, 2012
Gold and silver have both just explosively broken out of their cartel capping ranges of $32.60 and $1730 respectively, with silver popping just shy of $33 to $32.99, and gold reaching $1735.
Look for a retest of $32.60 an $1730, and should the previous resistance levels turn into support as expected, look for the beginning of a massive gold and silver rally here over the last 6 weeks of 2012.
Silver was repeatedly capped at $32.60 throughout the overnight Asian and London sessions (as it has been for seemingly the last month), as well as in early COMEX trading, but after a mini raid taking the metal under $32.50, silver has popped to $33: