Buy Gold. Buy Silver. Gaps. Power bars.

091103gldA gap and a power bar.  About as good a buy signal as you get.  While the pattern is different in silver we think silver has a buy signal also.

As always these signals are not 100% perfect, and given the animus of the Treasury and the Fed for gold we can depend on their efforts to control the market.

Nonetheless the practicality of maintaining a long term position in these markets is once again demonstrated.

You will note that we reported buying gold and silver last week.

And have been basically long since 2003.

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