The Peter Shipp Show.

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Head to NetSuite.com slash Gold. All right, apparently I am live. Sorry about the

delay. We had some technical difficulties and apparently those technical difficulties haven't even

been ironed out yet, but hopefully I am talking and everybody is listening.

Well, today was a big day to cap a big week, and by big, I guess I really mean significant.

You know, there's an old Wall Street saying, nobody rings a bell,

meaning that nobody, you know, warns you when you're at a major top or a major bottom.

The problem is there are bells.

It's just that people don't recognize them.

They don't hear them. They don't know what to listen for.

Well, there was a big bell wrong today in the gold market, the silver market and everybody's tone deaf

they don't hear it or it's falling on deaf ears but this is very significant

now the price of gold rose almost $40 today.

$37.60, it looks like to be exact,

closing at a new all-time record high of 2,328. That high won't last long.

I would imagine we'll break it on Monday. Silver finally woke up from its slumber this week and outshine gold, up 55 cents at 2741.

To give you an idea of the size of the gain this week in gold and silver.

Gold rose 4% on the week, which is a big move for gold in one week.

Silver rose 10%, 2.5 times the rise in gold.

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