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Silver Broke Out of Its Trading Range!
Silver was up 3.73% this week and broke out to the upside of its trading range which your quite modest prognosticator indicated was most likely to occur.
Gold was up 4.74% this week and is about $83 from its all-time closing high while the Dow Jones Industrial Average (DJIA) was down 2.47% this week. Gold doing what it does. From what we have seen lately, that $83 can be reached in one day!
This week it was released that April existing home sales were down while April new home sales were up. More noise.
Avoid the noise, hedge with metals, and welcome to the unofficial beginning of summer with Memorial Day on Monday. A solemn day for many.
Until next time…
