Gold and silver traders are no doubt on the edge of their seats as economists shake their heads (that is, the small minority of them who have noticed) as precious metals appear to be staging an impressive breakout that has been a long time in coming.
It should be interesting to see where things go from here – it’s been a steady drumbeat of higher prices all year so far and the trends driving the recent move – loss of confidence in central banks and a weakening dollar – appear to be strengthening.
