Silver and Gold Breakdown
Recently, all I have been asked about is the breakdown in silver and gold in the last 2 months. Many individuals have been wiped out of the precious metals market due to this meltdown. And are wondering when to buy back in.
If you compare the last two breakdowns going back to 2008, they do look very similar. If history is any indication of what will happen in gold and silver, we will see much higher prices by the end of 2013.
The main key is for the prices of gold and silver to move and hold above the major resistance line. This breakout should trigger a rally in gold to $2,600-$3,500 and silver to way above its record high of $50/ounce.
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