Gold Shows Signs For Bullish Optimism

At first glance it looks as if gold has not done a lot this week but looking beneath the obvious there are encouraging signs for bullish optimism. Since the plunge earlier this month there have been indications that could be interpreted that the gold bull market may be coming to an end.

What Caused Golds Record Leap?

Rumours and facts combined caused gold to leap to a record high of $1043.50 an ounce yesterday quickly followed by hitting $1048 in today’s early European trading before falling back to $1041 at 13.25 Central European Time.

Gold and Silver Set To Go Off With A Bang

Gold and silver have started the shortened US trading week with a bang.
Gold has powered through $1005 and as we write (03:50 EST) and has touched $1006.50.
Silver has fared even better with a 3% rise since Friday’s close to $16.75 an ounce.

Is Gold /Silver Ratio Important?

As the crisis deepens can we reasonably expect the gold / silver ratio to continue to narrow, meaning that if gold continues its bull run, as is now the consensus opinion of analysts, then will silver climb faster percentage wise than its yellow metal cousin?