Are higher highs for precious metals such as gold and silver coming? Read this article from Seeking Alpha (excerpt below):
The precious metals have just broken out into new highs recently. On March 1, 2011, Gold closed at $1433 USD, an all time high. Silver not to be outdone closed at $34.65 USD, a new high not seen for 31 years. It seems as if a new “Precious Metals Bull Run” is upon us.
At the same time the unrest in the Middle East and North Africa has the price of Brent Crude Oil at $116 USD, a high not seen for 3 years. Both factors of the political unrest and the inflation of prices because of the high oil cost are supportive of the continuing rise in prices for the precious metals. (Read entire article)