Things have bottomed a lot more quickly than could have been the case. The dollar spiked again because of woes in Euroland but gold moved higher regardless. This is similar to the situation earlier this year, when gold was a safe haven from all currencies.

Strength in gold has supported silver, and then over the past couple days, it seems like silver is back in full force moving dollars per day. At present, it seems like it wants to go to $39, maybe higher, and nearly got there a few hours ago. Gold peeked over $1530 then came tumbling down, which has deflated silver somewhat but just like before the recent crash, silver seems stronger than gold.

There is talk of gold getting to new highs by early June. That’s a week or so away! Silver could limp along or shoot higher too. It’s hard to believe that silver would recover so quickly from the savage beating it took, but  natural forces are usually stronger than man-made ones!