In just the few hours since my last post, the Silver price has climbed rapidly to US$29.50, and the Gold /Silver ratio now around 70.
Those who had been shorting silver are now getting severely burnt, and no doubt the surging silver price is being helped along by large shorters desperately trying to cover.
A very dynamic and fast moving situation - certainly expect some short term pull backs, but the long predicted precious metals boom seems to be accelerating more rapidly than many thought.
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