Gold Soars Above $1350 As Silver Crosses 100 DMA

Thursday, August 15, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/15/2013

The reason why gold just did an upward spike move of the type not seen since the summer of 2011, when it exploded higher by $20 in seconds, is clear – as we noted yesterday, JPM is now actively buying up gold in the market to meet delivery demands. That, and countless stops getting hit, helps. But the most important factor: Paulson, Soros et al finally got out of the yellow metal. That meant there is only upside as the latent selling overhand is gone. As for silver: why not…

Charts…HERE

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