Thursday, April 21, 2011

The silver linning carries on

Good night.

Silver is having an impressive move right now towards the $50 level. 

Gold broke above an inverted H&S neckline and is moving to the $1600 level. This may be a major top for the next months. 

My guess is that silver will follow this move on gold and will reach the $50 level sooner than one would expect last year.