Look at this shocking premium in the silver market, plus a look at gold’s critical level.
Silver & Gold
May 26 (King World News) – Alasdair Macleod: Silver has a 50c premium over spot on the active Comex July contract. That is the equivalent of a $50 premium on the gold contract. Augurs well for next week when the gold June contract roll-over is behind us. Gold’s June contract rolls off the Comex board this week, so gold is remarkably steady. The silver canary is well bid so it augurs well. But bullion banks will be keen to bash the price if they can. But if they do, will more bulls stand for delivery?…
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Gold’s Critical Level
Graddhy out of Sweden: My pink falling wedge has now morphed into a slightly larger one. Now close to that vital 1700 level on weekly. (See below).
Gold Near The Critical $1,700 Level
Silver To Continue To Outperform
Ole Hansen, Head of Commodity Strategy at Saxo Bank: The potential extension target on the gold/silver ratio points to another 4-5% silver out-performance (see below).
Gold/Silver Ratio: Silver To Continue To Outperform Gold
Inflation, Plus A Major Warning
***Also Released: Look At This Inflation, Plus A Major Warning To Kickoff The Trading Week CLICK HERE.
***To listen to Bill Fleckenstein’s timely KWN audio interview on the gold market and much more click here or on the image below.
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