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Saturday, September 3, 2011

KWN Weekly Metals Wrap

Bill Haines and Dan Norcini discuss this week's GOLD and SILVER action:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/9/3_KWN_Weekly_Metals_Wrap_files/KWN%20Weekly%20Metals%20Wrap%209%3A3%3A2011.mp3

Bill Haines says:

NO SHORTAGES OF ANY PRODUCTS
NO UPWARD PRESSURE IN PREMIUMS
People are buying at these levels.
People outside the USA are buying.
Investors exiting "GLD and "SLV"

Dan Norcini says:

GOLD took out $1840 resistance and SILVER $42 resistance.
Expects strong week ahead with ASIA buying.
Mining shares are severely undervalued
Recent price retracement proves GOLD is not in a bubble.
SILVER has a very benign or friendly COT structure.
GOLD holding firm around $1880 level. Major fight at $1900.
SILVER resistance $44 and should run to $47.50 or $48.00.

...developing...