The PM market is manipulated and quite blatantly.
It is tied to economic conditions which seem to bring out the frightened money that wants safety. Most is paper derived.
It's quite possible that this little spurt will be over in a few weeks as the resolution of the deficit ceiling brawl in the US subsides.
Say two weeks.
Some say that QE3 will start a long bull run on PM. Well we've been in that for some time: well before QE2 was anned.
There's a chance that another big run may happen later in the year and there are a number of triggers for that out there in the hard boiled land of economics.
You can almost set your watch by their timing.
Add to My Watchlist
What is My Watchlist?