From Harvey Organ who tends to have his finger on the pulse of precious metals
"Well that about does it for the week. Next week we will see a lot of action in silver and gold. The COT report shows that in both silver and gold, the commercials are covering and they are covering at higher and higher prices. This is extremely bullish for our camp.
We should see gold finally break into the 1600 dollar column and silver finally setting a new record high in excess of 50 dollars."
http://harveyorgan.blogspot.com/
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