Not long after the Chicago open, and in the absence of the regular beating at the NY open (a slow climb during the first hour or so in NY).
Earlier, I was noting that silver was not leading and in fact was very much trailing gold's move today. Similarly for platinum/palladium. Accordingly, I didn't hold much hope for a breakout on this occasion. However, at the same time as the big move in gold in the last half hour or so, silver is leading now. This is always reassuring.
Its a little early to really say whether this is a significant breakout or it'll be just another fakeout beaten down by the shorts. But if the price can close today above $930, I think the odds are good that this will be a trending move...
Friday, 15 May 2009
BA-BANG!! Gold spikes through $930
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