Wednesday, 27 April 2011

Silver and Gold Roar Back with Vengeance!

As predicted the other day, Silver and Gold are rockeeting back after their short term profit taking. The profit taking was much needed, as the rate of ascent was too fast, too soon. The short term, new weak hands have been shaken out.

What is quite remarkable is how short lived the consolidation phase lasted. This is testimony to the ferocity of these bull markets.

Remember as I said before, volatility will increase going forward. The moves we see now will look like child's play, both up and down. Buckle in.

Silver - Up $2.20 (5.06% move in one day!)

Gold - Up $20.00