Gold blasts through $1,000

New top or new bottom?

Those transfixed by gold blasting through the $1,000 level have been missing the real action in silver. The white metal has soared 57 percent to $17 since the beginning of the year compared to only a 22 percent move for the barbaric relic, an out performance of almost three to one. I have been a raging bull on silver all year, and on May 7, grabbed you by the lapels and shook you senseless if you didn’t buy (click here for earlier report). It is nothing less than owning gold with a turbocharger. Silver gives you a nice double play. Its qualities as a precious metal are giving it a major boost from the flight from the dollar, one of this year’s certainties. It is also an industrial commodity, which unlike gold, is consumed, and therefore gives you a call on the recovering economy. If you don’t think this move is real, check out the shares of the silver producers. Coeur D Alene Mines (CDE) has rocketed by 57 percent this month, while Silver Wheaton (SLW), and Hecla Mining (HL) have also done well. If you want to get set up on buying silver futures, e-mail me at and I’ll tell you how to do it. To accumulate .999 fine silver dollars for only a buck over spot, or bullion at the lowest spreads in the market, visit by clicking here. How long will it take to get to the old high of $50? The Hunt brothers must be grinding their teeth.

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