Will Gold/Silver Break Out or Break Down? - Rory Hall (29/8/2017)

August 29, 2017

What is going on with gold and silver today? I thought this was BLSBS week which would normally mean the metals are kept in check preparing for a smash just as the cheerleaders on MSM “financial news” TV networks scream about “how great the unemployment numbers are this month”.

We have been hearing from a wide range of analyst in both mainstream and alternative metals analyst space that precious metals were going to preform quiet well during the Fall months of 2017. Well, here we are on the back side of summer and the metals are doing well in fending off attacks from the banksters and continuing to move to the upside. We can only hope this trend continues. The miners are moving in a positive direction which explains some of the movement for the metals and the big buyers, India and China continue doing their usual gold grabs unabated. India has actually been importing more gold than usual over the past several months.

Are we going to see gold hold above $1,300 and then reach for the line of resistance Terry Kinder pointed out at $1,339 by weeks end or are we going to see the typical “smash-and-grab” conducted by the bullion banks? Today both metals look strong especially in light of the Federal Reserve Note moving to the down side.