After consolidating throughout the entire overnight Asian and London session between $33.40 and $33.50, silver has just broken out with a vertical move to the upside, taking out $33.50 and popping THROUGH $34. [Read more...]

After being attacked shortly after the COMEX open every day last week, gold and silver have both made a vertical move to the upside on Monday’s COMEX open.

Silver has made a .55 move to the upside, popping from $32.60 where the cartel had capped it all last week, through $33 to $33.14.
Gold also has spiked vertically higher back to $1730 where it has been continually capped. [Read more...]

Silver has just been smashed under $32 as the cartel once again monkey slammed silver as soon as it broke through the cartel’s hard $32.60 cap. 

Look for strong capping throughout the day as the bullion banks attempt to prevent a weekly close above the critical $1730 and $32.60 levels. [Read more...]

*Update: Silver now up nearly $1 and closing in on $33 with a last of $32.89

After trading down overnight after once again being pushed back exactly at the cartel’s hard $32.50 cap Thursday afternoon,silver has just made a vertical move from $32.15 to $32.89, slicing through it’s $32.50 cap.

After the vertical move is exhausted, look for silver to potentially retest $32.50, and then extend its gains throughout the remainder of Friday’s trading.  Keep an eye out for an access market raid however, as the bullion banks will likely throw the kitchen sick at the metal in order to prevent a weekly close above the crucial level. [Read more...]

*Update: 2nd leg of vertical move in progress, silver now up over $1 to $32.39 , gold up $30 to $1722!

While we expected little action and a tight range in gold and silver today with all attention focused on the US Presidential Elections, gold and silver have just made a vertical move, with gold jumping to $1722, and silver from $31 to $32.39!

Perhaps this vertical move in the metals (& in the equities) is an indication the Algos have just received word that the fix is in for Emperor in Chief Obama, or are the bullion banks simply attempting to paint the tape ahead of today’s COT cutoff?

[Read more...]