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Precious Metals Explosion

Gold & Silver on the Move Again This Morning

Another rip-snorting morning for Gold has pundits confident that $850 is a forgone conclusion and that $950 may be a shallow and inadequate prediction for the end of the calendar year.

This mornings buying pushed Gold up to $835 at the time of this posting, with silver climbing to $15.50. Most all factors are in support of Gold’s driving higher, this is a market with no end in immediate sight. Both Credit Suisse and UBS have raised long-range forecasts for Gold in the wake of yesterday’s precious metals market explosion.