Midday Gold and Silver Report, Wednesday 4/20/11

Midday Gold and Silver Report, Wednesday 4/20/11

If you look at my midday call yesterday, I predicted that if the 1500oz was breached by gold, it was going to blow right through. Today I rest my case, 1506oz right now.

I also said that this will propel silver to 50oz quickly, the ask price right now is over 45oz for silver. On my market wrap up today I will talk about the forces behind this and why I think we have a long way to run. As I have said, I do not pitch for a gold or silver company and this is my own analysis. I saw this coming awhile back, took my crappy middle class savings and doubled it while protecting it.