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February 25, 2011 / Hal (GT)

Gold and Silver go strong into the weekend.


I don’t know about you, but I’m really pleased as I’ve watched this week the action in the spot prices of gold and silver this week with that little golden widget on my desktop, ExactPrice.

Looks like gold walked into the weekend at $1,410.00. Silver at $33.36.

Now that’s a good week. I have to say I expected some further attacks on the prices this week during the options expiration but things going on seem to have pushed them to some great highs.

Things like debt, oil, unrest, and a dollar that is gasping for breath.

Here’s the links I will leave you with as we go into the weekend.

Lear Capital: Rising Debt Drives Gold Higher <– this made go wow. I didn’t realize. Here’s a snippet:

It’s been 235 years since America declared its independence.  In just the last 3 years more than one-third of our debt has accumulated.

@lmgross from the must follow Laura Gross via twitter:
#Gold Standard Advances –http://ow.ly/43Bqx
DEEPCASTER FORTRESS ASSETS LETTER <– long but worth a look.

Luxury BMW owners drive into debt trap <– maybe they expect a bailout :-/

Ted Butler Urges Everyone To Submit A Response To The CFTC On Silver Manipulation Schemes

Gold Daily and Silver Weekly Charts – Bear Raid Confirmed and the Silence of the Lambs <– sobering poem. Check out silver chart.

New Home Sales Plummet 13% To 284,000 Annualized Rate, 19K Actual Homes Sold Lowest Monthly Ever

Adjusted Monetary Base Goes Vertical <– so what do you think that’ll do to gold and silver spots?

SLV ETF Adds More Silver: 2,929,386 Ounces on Thursday

Gold-Backed Money Being Revived? <– scroll down for it.

US Dollar Tumbles, Gold $1,410, Silver $33.50, Oil Near $100 <– Here’s snippet:

Gold has tremendous momentum at this point and now looks poised to move to new all-time highs above $1,430.  The silver market continues to squeeze the shorts without mercy.

Rick Rule – Much Higher Gold Prices Because of Move in Oil

Royal Canadian Mint Now Saying It’s Difficult Securing Silver

Food inflation at 11.49 pct y/y on Feb 12 – govt

Russia raises interest rate to combat rising food inflation

In The News Today Jim Sinclair’s MineSet worth read.

Market Commentary From Monty Guild

That’s it for today. See you next week. Remember, you can track for free the spot prices of gold and silver and platinum too on your desktop free with ExactPrice. Plus you can also access the real time spots on your web enabled phone too.

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