Silver stocks are powering ahead ... taking the HUI above the 315-316 resistance to all-time record highs.
More Quotes from Peter Spina:
News that the German government has deserted plans to invest proceeds from gold sales into a special fund assigned for research and education has given a boost to a weak gold market.Peter Spina
Silver is taking center stage ... with the news of Barclays' silver ETF a step closer to possible approval. We have some gold investors moving into the silver market.
Peter Spina
The price of silver may move higher in anticipation of the launch, but once it hits the markets, initially the price may retreat after strong gains.
Peter Spina
Uncertainty on future FOMC interest-rate hikes, with a strong bias of at least another quarter-point increase at the next meeting, gave the U.S. dollar a lift after the FOMC decision Tuesday afternoon.
Peter Spina
We are undergoing a healthy bull market consolidation, with the likelihood there may be more pain to the downside.
Peter Spina
As Iran returns as a focal point for investors, aided by talk of Chinese increase in gold holdings, that should keep a flame under gold this week.
Peter Spina
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The highest proof of the spirit is love. Love the eternal thing which can already on earth possess as it really is.
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