Gold Is Money

Gold is acting like money. Pure and simple, when all else fails, gold remains.

Gold remains in a well defined uptrend with a series of HIGHER HIGHS and HIGHER LOWS.

"Gold is money. Everything else is credit." JP Morgan

Silver continues to drift sideways in a ever narrowing range.

Yes, but the trick is which way shall it break? Will silver burst to the upside or will silver break to the downside? Inquiring minds want to know!

Who knows? The market knows! Best wait for the market to tell us.

The HUI Index of gold mining stocks is taking a bit of a breather after a rather strong run to the upside. The UPTREND remains intact, however a bit of a pullback is to be expected.

With the exception of American Silver Eagles the premiums on silver coins has come down a bit from extraordinarily high levels. The premiums on the Eagles remains stubbornly HIGH.

source: JM Bullion

Peace Out and Stack On!