Tuesday, October 2, 2012

SILVER appears to be in a consolidation range

Should GOLD rise above $1,900 in the near term I believe silver could break out above $40.00 very quickly.  The metals are getting close to making upward progress again but of course nothing is guaranteed but more lawless government manipulation and unconstitutional behavior.

This does not mean that I am bullish on precious metals at this point because I am not.  In fact any upside in the short term indicates to me that the coming downside is just going to be that much worse.  Therefore I say:  INVESTOR BEWARE!