6 Working Days Left, Be a Part of the RUSH

Posted on September 7, 2007 , filed under Stocks | Print This Post

Here we are with gold above $700, silver above $12.40 and the USD index under $80. All the things I have written about have come to pass, albeit much quicker than I anticipated. It will be critical for gold and silver to form new bases close to current prices for investors to feel confident that we aren’t looking at a false breakout. We are 6 trading sessions away from an anticipated cut in interest rates from the Fed. A cut would be a boost for the market and even more so for precious metals equities.

I can point to the recent surge in physical precious metals prices as confidence by institutional investors that what I am analyzing and writing about has a high probability of happening. Prices of PM equities are still low so get in while you can and load up prior to the 18th.

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