and the hits just keep on rolling in, don't they, those FRNs are about worthless

 

Much earlier than predicted.

 

It seems like it was just weeks ago that gold was $400/ounce and silver was $5/ounce. I think they will each go much higher before we see a significant dip. But as always, buy the dip and ride the wave.

 

KITCO shows that it almost touched $1,500 before pulling back.

I think that if it doesn't hit it this week it may pull back a bit before trying again.

Silver on the other hand is still doing quite nicely. $43.91, will it hit $44 today????

 

KITCO shows that it almost touched $1,500 before pulling back

From Kitco's website :


P.M. Kitco Metals Roundup: Comex Gold Hits $1,500.00 amid Weaker U.S. Dollar, Firmer Crude Oil Prices

19 April 2011, 02:14 p.m.
By Jim Wyckoff
Of Kitco News
http://www.kitco.com/

(Kitco News) - Comex gold futures at midday Tuesday hit the major psychological level of $1,500.00 an ounce, after flirting with that key price for much of the morning. Tuesday's new all-time record high in June gold futures now stands at $1,500.50 an ounce....................

 

This time it DID bust through $1500.

 

I never thought I would see $1500 an ounce gold in my lifetime.

 

But you can't eat one thousand, five hundred yankee green backs.

Sorry, just had to say it.

 

Silver is now over 45.00.That is a dollar more each day.Maybe we will see another dollar raise by tomorrow.