Bob Moriarty comments on the amazing gold rally at $2161. Bob is founder of 321gold.com, reviews the live video charts of several key investments.
- Bob expects gold and related shares to rally while US shares sag.
- Silver rallies 15% this week is $30 silver on the table?
- The duo believe that once silver breaks through $28, the price may run to new record highs.
- The shift away from paper assets for tangible assets.
Silver was up to a high of 25.50 today, which would be like a 64 cent move in one day and that's a big move for silver. So my belief is the resource stocks: the Xau, HUI, and GDXJ, are about to break out silver. It's about to break out. Platinum certainly it's about to break out. Platinum is up; I have $962 today which would have been a $27 move. So uh what we're seeing is a shift in sentiment towards hard assets and away from paper outsets and I felt for a year. That the the general stock market was was an accident waiting to happen, and I think it's coming.
- Bob's dogfights in combat! "Crap Shoot" and amazing gooks! Buy here.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at GoldSeek.com Radio.
He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
