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Wednesday, October 07, 2009


Breakout to New All-Time High

Today's reversal off the morning dip and close above $1000 is very bullish action, and could portend a push to take out the all-time high.

That didn't take long. In less than 2 trading days, gold has proceeded to break out to a new all-time high over $1040, as the action on Friday indicated. Silver was up over 4% today.

The precious metals could be in for an extended rally period on this breakout. If so, the miners should be in for a strong bull move.

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