Silver and Gold move higher

Silver is knocking on $30 and Gold heading towards $1650, both multi-month highs. It seems the market is expecting QE friendly comments in the FOMC minutes released Wednesday (US time).

charts from goldprice.org

 

Marc Faber on QE and the share market

Keiser Report with Ned Naylor-Leyland

In this episode, Max Keiser and Stacy Herbert discuss new developments in the shakedown of the Standard Chartered Bank – the City is firing while the Street is hiring. Max and Stacy look at some of the city’s help wanted ads, and examine the unusually small head of JP Morgan’s chief executive. In the second half of the show, Max Keiser talks to Ned Naylor-Leyland of Cheviot Asset Management about unallocated versus allocated gold and silver bullion, and how permanent backwardation could be an omen of a total meltdown in the precious metals market.

Look at Outside Markets for Gold Clues

Aug 21, 2012 by KitcoNews

Gold prices are up, reaching 2.5 month highs amidst bullish "outside markets", and silver is up as well, experiencing an upside technical breakout early in the week, also on the back of bullish "outside markets". So what more can be gleaned from these outside markets which seem to be having such a drastic effect on metals prices?