Gold & Silver hit new record highs

Gold:

(1 Year Gold London Fix PM Daily with 14 and 200-day moving averages)

(click to enlarge)

-->    Gold hits a new record high at $1,504.75 per troy ounce on thursday 04/21/2011

(we forecasted this price in our 2010 gold survey :-), see at the right hand of the blog)

Are we going to $1,600/oz ?

Silver:

(1 Year Silver London Fix Daily with 14 and 200-day moving averages)

 -->    Silver hits a new record high at $46,58 per oz ounce on thursday 04/21/2011

Goldman Sachs three and six-month gold price forecasts were $1,525 an ounce, we are very close to it now ! ( "low U.S. real interest rate environment and the return of quantitative easing which will likely be a strong catalyst to drive gold prices higher")

 

Gold/Silver ratio:

                                      (1 year Gold/Silver ratio)


"Gold still represents the ultimate form of payment in the world."
Alan Greenspan Testimony before US House Banking Committee May 1999.         

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Henry Ford