Bullish on Precious Metals

One very good indicator for higher precious metals prices is the lease rate.

As I predicted here, it was time to buy gold and silver. And now it's completely obvious that they will do good as lease rates are steadily increasing. I doubled my position in silver.

Chart 1: Gold Lease Rates

I wish I could show the silver lease rates, but Kitco is cheating on us, their chart only shows a flat line...

Chart 2: Silver Lease Rates (flat lines since 2 November 2012)

But all we need is the gold lease rate and then just extrapolate it to silver lease rates.