The big bad wolf huffed and puffed but could not blow the precious metal’s investors house down. House was made of Sound Money.Submitted by Apple on Mon, 09/24/2012 - 10:44
Silver Regains $34 After Overnight Smash
Silver has just regained the $34 level, and gold is working it’s way back above $1765 after the overnight raid on the Asian market which saw silver smashed to $33.50.
Silver is breaking out from a mini inverse head-and-shoulders that formed this morning on the daily chart, and has now regained $34, after being capped at the level all night. If $34 can hold here, buyers should emerge sending silver back towards $35.