The Rises Continue

Aden Forecast (05/27/2009)
"The markets generally moved higher this week as the renewed surges remain on track. You should now be well positioned, but if you haven't bought yet, it's not too late to buy our new recommendations, and existing ones.

Gold, silver and gold shares moved higher this week. Gold hit a two-month high, while silver and gold shares reached more than nine month highs. The CRB commodity index and the oil price rose to more than seven and six month highs, respectively. There's no question that this sector is on the rise, along with gold's C rise, which will remain in force with gold above $925 (basis June). Last week we advised raising your metals position to 45% of your total portfolio. Buy new positions in physical gold and silver, and/or the ETFs GLD and SLV. . .Gold's next upside resistance levels are $960 and $1,004. Gold would be at a new record high above $1,004, and that's normally the case during a C rise.

Silver and the HUI gold share index will remain strong and bullish above $14.10 and 340, respectively. They currently have no near-term upside resistance. As for the other metals, they're generally firm or steady."

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