Thursday, February 3, 2011

So it Begins

I have been re-buying my full position in silver and gold miners for the last 6 trading days in anticipation of a very strong March and April.  Today is confirmation for me that this leg of the bull is back.

First, waking up to a Junior gold miner (FRG) getting taken out tells me the in the know people see other assets are cheap enough to buy.  To me, this will put a floor under this market.

Secondly Silver broke through the 50 EMA, and has been leading gold of late, and now gold has broke above 1345, and is ready to break through the next EMA.

My plan is to keep acquiring until I am fully margin ed, over the next two weeks.

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