Gold and silver just made their best Old Faithful impersonations on this morning’s NFP disappointment, as bad news is now good news for the chances of Bernanke announcing unlimited QE next Thursday.
Silver EXPLODED VERTICALLY to $33.50, a full $1.50 move higher from it’s overnight lows. Gold exploded to $1730, a full $50 from it’s overnight lows.
As we recommended last night during the sell-off, all corrections are being met with MASSIVE PHYSICAL BUYING, and we recommend responding immediately to corrections by backing up the truck and STACKING THE SMACK!!
Gold’s vertical explosion: