For your info. Those who follow my proprietary cycles work know the cards are lining up for one heck of a rally beginning in 1-2 weeks hence. Sufficient time has passed in the current cycle as it draws to a close to conclude that Gold & Silver have already put in their lows and prices are now headed towards new all-time highs.

The key price to break is $1026. This is the most important target yet in this bull market because it represents the top of a 30-year trading channel. Break this channel decisively by Jim Sinclair's magic 3% ($1060) on a sustained basis and Gold & Silver will be launched into uncharted technical territory. $1500 to $1650 is not out of the question before the next interim top is reached up to 2 months from now. Silver could hit $42 after the key $21 hurdle is cleared.

These are entirely feasible targets given the derivatives crisis that is unfolding. Also worthy of mention is the POG has been in a parabolic move since 2001 and is now working it's way up a very steep slope. So the bias is definitely in place for some really exciting moves. Jim Puplava says he expects $100 Silver when Gold reaches $2000, so by this yardstick $42 is a reasonable objective when paired with $1500 Gold.

At any rate I have been adding shares & bullion for the past 4 weeks in anticipation of a very bullish run and encourage anyone who's waiting on the sidelines to start nibbling at the very least. We are definitely entering an interesting moment for PMs and will know soon enough how the story unfolds. Best of luck to all.