Breakout or Fakeout?

by Turd Ferguson
TF Metals Report

That’s the big question today? There’s all sorts of lousy economic news out there, which is weakening the dollar and USDJPY, which in turn is driving the metals higher. So, is this a breakout to new highs or just another fakeout before a massive Gold cartel raid?

And that’s the dilemma this morning. For the past two weeks, I’ve been giving you that chart with the trendline that goes back to New Year’s Eve. This line was pressing up against what was clearly a Cartel-painted cap. And now today…the day before the BLSBS…a BLSBS that will be used for the next 10 days to rationalize/justify whatever Mother Fellen announces on March 16…prices break to the UPside. Not only is gold back above $1250, but silver is back above it’s 200-day MA, too. See here:

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