Yesterday morning I offered up the rather lunatic idea of defying the gold miners.

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From our friends in Gainesville, it looks like silver’s mega-rally is bound to take a breather:


The market started off down hard this morning yet as is so often the case, buyers are pushing their way forward, trying to reverse the tide. Let’s take a moment to hone in one something specific, however: precious metals.
Silver has had, shall we say, a spectacular year. Once more, the metal has reached a new lifetime high (nominally speaking, of course).

Precious metals had a terrific day, led by silver, which blasted to never-before-seen highs (nominally speaking).
