Silver and Gold having a nice day

Gold trying to get to $1300
Silver back over $20

Wonder what is driving it

 

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Yup, silvers at 20.17 now !

 

I think Bernanke's talk yesterday has something to do with it.

 

Ben's talk of continued easy money would be my guess. I believe if you look at when the spike happened it will correspond to his news conference.

 

prices going up isn't good. makes buying expensive.

 

My sentiments exactly, FryD.

 

I was hoping to start seeing some cheap morgans eventually

 

Glad I made a big purchase last week. I was hoping for a drop under $18, but decided I was happy enough under $19.

 

No issues FD, this looks like it is based on Bernacke's Dovish statements yesterday and is an over reaction. The equities market is rockin' today also and money will soon again be leaving metals to chase higher returns. Even in this easy money environment the $ is still strengthening. In addition, the reality will hit, that it is not QE forever and my guess is that metals will be testing new lows in a few weeks.

 

If the price going up is good. I guess I like bad news. Give me $12/oz silver!