Anyone following the price of gold and silver knows that they are not moving relentlessly higher. I won't even ask you to check the date on the article again for fear that the date itself might rear up and bite you in the nose, it's so obvious. Anyway...

Silver has broken the $20 mark, and does not look like it is going to reverse any time soon...which is perfect for the physical silver investor. The next level to watch is the $18.51 June low. If we hit that mark, buy physical...I think that level will hold. Several miners have already stated that they are cutting production until prices can stabilize...again, perfect for the physical investor.

Gold is a different story. It is holding up better, and is clearly being taken down by the "boys" on any news that has the hint of being negative. I still think we will breach the $1200 mark before the end of the year. However, I do not feel as comfortable calling an ultimate bottom for gold as I do for silver. Gold is funny. The market either loves it, is indifferent, or hates it. Right now the market is somewhere between indifference and hatred. A brief USD rally could push us into full blown "hatred" mode, which is when you should be looking to buy. What will the price be at that time? I have no idea.