Precious Metals Update
You may have noticed that yesterday gold briefly touched $565 per ounce and silver hit $9.44 per ounce and stayed there. Methinks this bull market is just getting started! Aside for some doldrums this summer (since summers are typically quiet for the metals markets), you can expect a choppy but generally upward (stair-stepping) path for the precious metal prices through the rest of the year. The 90 and 120 day moving averages (DMAs) point to the bull market trend to continue WELL in excess of the rate of inflation. There is even the chance of on “upright spike” in the …