After the standard COMEX open raid this morning, gold and silver have traded strongly throughout Thursday’s session, and have rallied exactly to the cartel’s caps of $32.50 and $1735 in the afternoon access session. 7
Once $32.50 and $1735 are taken out to the upside, look for explosive moves to quickly commence in gold and silver.
Silver briefly penetrated the cartel’s $32.50 cap, and is currently trading just below the level at $32.49:
Gold was capped overnight and again early Thursday repeatedly at the $1720 level, and has quickly run up through $1735 during access market trading once the $1720 cap gave way:
It would not surprise us to see silver make a run to $37.50 and gold to clear $1800 before the end of November, setting up major rallies for both metals in December into early 2013.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
When it gets by the resistance point of $35.00 then I’ll take notice. Until then I’ll keep Stacking when I can. Lol
I have a feeling that the cap has been lifted finally. Just a feeling, but we shall see…. with an equity market collapse imminent, anything can happen….
It got to 32.56, which is more than 32.50.
squeaking over 32.50 is one thing. A close over it would be a much better sign I think.
Another observation here is silver and gold moved opposite the DOW ,NAZ and S&P 500
Pump and dump for a friday smash.
Silver did surpassed 32.50$ per ounce and then it went to 32.70$ per ounce. But after that, it went 32.30$! It looks like that right now, silver’s main support level is at 32.50$. We just have to wait and see for the future prices of precious metals.