Gold and silver are up Wednesday morning. May be related to news out of Deutsche Bank, and something about the edge of a crisis…
Anyway, gold’s up nearly a %, but silver, silver was up almost 2 1/2%! IF today is going to be that day, watch for the volume to accompany the price. If the volume expands considerably, and I mean considerably more than the average, not just more than it has been the past week or so, then a real breakout may take place today.
If that should happen, the July 25 price low is old support, and the highs of Tuesday the 2nd becomes the new support level. Watch for it! Today just might be the day!!! When I get back at the end of trading, after 4:00 pm EST, we will know.
Here’s to your accumulation of real wealth!
Harold F Crowell