Record highs for gold, and silver soars

It has been an excellent week for gold and silver bulls. But is a correction now due, and if so, how deep and for how long? It looks like being severely limited.

Gold continued to make new highs this week, today trading below yesterday’s best level of $2685 spot this morning in European trade at $2660, up $38 net from last Friday’s close. Silver had an excellent run from a low of $30.36 on Monday morning hitting a high of $32.70 yesterday (Thursday) before drifting back to $31.75 this morning. Since 1 January, t…