Chart courtesy of Stockcharts

We mentioned in the last update that in the short term we could see an oversold dollar bounce back albeit slightly with a corresponding knock on effect on gold, this has now happened and the dollar did manage a short weak rally which capped the progress of both gold and silver. July and August could present us with a dip which should be used as an opportunity to acquire a few more of your favorite shares, as we still anticipate that both gold and silver prices will set new records before this year is out (read more…)