September marks the beginning of the metal season. The time when the smart money gets home from summer vacation and settled in to their high back leather chairs while the kids return to school. Monitors are fired up and charts are displayed on numerous screens as strategies are laid out to profit from precious metals.
Silver seems to be breaking out of its shell at last, as it shines brighter than gold for the month of August thusfar, in spite of an upward trend for the yellow metal. The shiny substance seems to be finding itself again as a precious metal, and breaking away from it’s long held industrial characteristics, as stocks come under more and more preassure. Metals should be falling… but they’re not!
We will remind you again of the new regulations that the CFTC will be allowed to enforce on short levels in precious metals, set forth in the Frank Dodd reform bill. The “big boys” will have to quietly unload these short positions before the CFTC comes out in force to regulate. One has to wonder if that is whats going on, pushing silver to $19 and gold to $1,250 today
Is $1,300 gold and $20 silver a possiblity by years end???? Will silver rise higher, percentage wise than gold? Exciting times for those that are preparing themselves and not cowering in fear as the outcome of this global economic connection finally shows it’s face.