Gold last reported this morning hits a 3.5 month high at $1328.50 and silver steadies at $21.11. Turmoil in the Middle East and the Ukraine combined with poor economic numbers are weighing heavily on these advances.
Speculators are buying but they are still cautious of a pullback that can take place any moment. We continue to expect prices to move back around $1300.00
The bullion bankers did not short gold futures for two Tuesday’s in a row and as always they remain the wild card in the game.
Gold Goliath is not your typical gold dealer.