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Gold And Silver Inverse Baumgartner'd

By Tyler Durden
Created 05/20/2013 - 11:15
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 05/20/2013 11:15 -0500



 

UPDATE 1: Chatter of a potential US downgrade from Moody's is being blamed (but that news out hours ago)

UPDATE 2: Silver futures trading volume 82% higher than 100-day average

While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news... so it seems the demand for 'cheaper' precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets...

 

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Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2013-05-20/gold-and-silver-inverse-baumgartnerd

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