What do you know?
What do you know? Gold AGAIN retook its 200 DMA of $1,662, which the Cartel has been maniacally defending for weeks. Better yet, silver looks to have successfully bounced off the $30/oz level the Cartel was so desperately trying to breach.
Nothing but PM-bullish news as far as the eyes can see – like today’s jobless claims and Philly Fed revision; with the deadly fiscal cliff/debt ceiling fiasco just WEEKS away.
Andrew C. ("Ranting Andy") Hoffman, CFA
Miles Franklin Ltd.