Silver Strength

Silver and gold, silver and gold
Means so much more when I see
Silver and gold decorations
On every Christmas tree
--Burl Ives

Technical picture for precious metals continues to improve, particularly for silver. The metal itself has broken a multi-month downtrend.

 Miners are getting their groove on as well. Pan American Silver (PAAS) has broken thru multi-year resistance at 19ish and is now making tracks higher. Technically, there is little in the way between here and previous highs more than 10 pts higher.

What's going on? The obvious answer is central banks' renewed affinity for easy credit and monetization. Markets are doing the math and they've calculated that currency destruction is a comin.'

position in gold, silver, PAAS