RE:Silver breaking out, really?????....One should keep an eye on the gold:silver ratio. It ballooned to 1:125 earlier in the year and has now worked its way back below 1:100. Near the peak of the last bull market in metals it was closer to 1:30.
History shows us that gold starts the party but silver finishes with the biggest bang. Even mainstream sources are predicting $2,000+ gold as soon as this year. So, what is that on a 1:30 basis? About $70 silver.
What about a $2,500 gold price? You see, as gold climbs higher and the ratio normalizes back towards the historical 1:16 ratio SIMPLE MATH tells us where the price of silver is headed. I won't make any timeline predictions so that you can't mock me like you do Keith N. But, with TRILLIONS upon TRILLIONS of freshly conjured up fiat only the most foolhearty would believe that gold can be kept under $2k on a permanent basis. I know that you believe that also, but in the meantime enjoy any profits you can make using TA. The taxman enjoys taking his cut also and we all know that governments are HURTING for extra tax $$ right now!!