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04-25-2011, 12:29 PM #1
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Gold Opens $1,520, Silver Over $50 Everywhere But Comex
Gold Opens $1,520, Silver Over $50 Everywhere But Comex (For At Least A Few More Minutes)
by Tyler Durden
04/25/2011 03:44 -0400
211 comments
While markets are relatively quiet everywhere, precious metals have just gone apeshit. Gold opens at $1,520 while silver hits $49.70 on the Comex, drops, and is backing up again last treading at $49.22, as the world is pricing in the end of the US reserve currency. The parabolic melt up is in full force and we expect the nominal Hunt high to be taken out today, after which the resistance is the real Hunt high somewhere around $140, courtesy of the Federal Reserve confetti.
And this video from future money trends gives a better picture of the fiat melt down.
Video: SILVER BREAKS $50 Everywhere but the COMEX!!!!! COMEX to Follow Shortly http://www.youtube.com/watch?v=IuwPZ6Nn ... r_embedded
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