Today was a mega win for us in the mega bullish gold/silver camp. The dollar was higher; commodity prices were under pressure; and the DOW was lower; yet gold and silver put in impressive performances at a time when The Gold Cartel would normally attack. This year we have watched The Gold Cartel pull off the most obvious price suppression maneuvers ever and they are not working. This tells me these bums are in big trouble. The stage is set for spectacular upside action in gold and silver. The cretins usually do their bombing drills around a US jobs report. IF they do not do so tomorrow, and'or are beaten, look for some fireworks SOON!

The XAU rose 1.97 to 202.74. The HUI gained 9.66 to 551.19...

HUI

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=HUI&sid=16794&time=8

KEY: while the HUI managed a successful close above 550, it was stopped dead in its tracks at 554 and change. A close above that level is what we need to send the precious metals shares into LAUNCH mode.

As a result of the share price of Golden Minerals doubling from its low of late last year to the still pathetically cheap price of $10.36, I have been buying a basket of what I think are undervalued junior/exploration stocks. While there are some bids out there, most of them are doing nothing yet. Gold and silver go up and up, and they do little to nothing. At some point soon this all ought to change. There are bargains of a lifetime out there … all over the place. FORTUNES are going to be made in the next couple of years!