Gold and silver - where to now?

OK, so gold and silver have broken out of the wedge pattern on the upside. Where to now? Will the Bull Market in precious metals resume or will the bouillon banks beat the price down again by an avalanche of paper contracts?

According to a couple of experts who know this trade, Central Banks (especially the Chinese) pick up every ounce of gold that they get their hands on. The same experts also tell that the bouillon banks have rented a lot of gold (and contracts to deliver it have been sold) so that there is a shortage of 2,500 TONS of gold. That gold is gone.

We do not know how far the bouillon banks will jeopardise the financial system and its integrity. The technicians tell us that once gold crosses $1,710/oz, it's past the next resistance. For silver, the corresponding number is $33/oz.