Tsafi

[popeyej]

Today gold closed up .60 at $880.50 and silver closed up .19 at $16.09. For the week The gold is down $8.30 and silver is down .14.

The one month, two month and the three month silver lease rates were increased by nearly 1/4 percent with is a substantial move as lease rates go. It appears as though the Bullion Banks are trying to force the paper players into covering their shorts. If there is no pullback in the price of silver in the coming week and a comparable increase in the lease rates are initiated this could be the start of a huge spike in the price of silver. Keep in mind that my heaviest investment is in silver bullion and I may be biased but the preceding is what my charts indicate. Watch the lease rates closely as they will tell the story.

12-14-07---gold $793.10..silver $13.81
12-21-07--gold $811.70...silver $14.34
12-28-07--gold $838.80...silver $14.76
1-4-08-----gold $863.00...silver $15.30
1-11-08----gold $888.80...silver $16.23
1-18-08----gold $880.50...silver$16.09