by David Kranzler
Investment Research Dynamics
I’ve been pounding the table since late January that the third leg of the gold and silver bull market had started in mid-December. It’s also been quite clear to me that the western Central Banks had lost their ability to push the price of gold/silver down. Now the best they can hope for is to maintain a “controlled retreat” – i.e. do what they can to limited rate at which the metals move higher. That’s why we get these “zip line” price plunge formations followed by another “stair step” higher.
But don’t take it from me. Andy Hecht, a famed oil trader, had this to say: