Silver New Post-Hunt Brothers High ($40), Gold All time High ($1466), FVI.TO had 15.47% gain (all time high!)

With the dollar continuing to get crushed with events such as these looming:

• The threat of a government shutdown
• Portugal has officially asked for help from the ECB
• Japan aftershock and degrading nuclear situation
• Riots/revolutions in middle east/Africa occuring in Cote D'Ivoire, Syria, Yemen, Tunisia, Egypt, and more
• Libya where there is a full blow new war causing oil prices to sky

 It is easy to understand why Gold and Silver are seeing relentless buy pressure.  Remember the FED has pumped massive amounts of money into the system via QE1, QElite, QE2.  They are doing this by buying back Treasury bonds some issued literally 1 week earlier by the Treasury Department.  For foreign holders of US debt, their patience is running on empty leading many people to believe that the US dollar could face massive sell pressure over the next year.  This would lead to substantial inflation in the US.  If you were a treasury holder would you want to be the last one out of the door?

  Well silver has officially hit $40 twice.  I fully expect that when the stops are taken out that are around the $40 level watch out.  There could be a correction, however, $50 will be hit by Summer there is little doubt.  This is truly remarkable, as last summer the price was fighting a battle around the $18 mark.  Check out the latest price @ Kitco

All time high for gold.... Wow.  1500 will have to be touched by summer.  Check out the latest price @ Kitco   

Now to a specific company I have been trading and commented about over the past few months.

Fortuna Silver Mining FVI on the TSX:
From a technical standpoint this looks very attractive for various reasons:

• Massive Move breaking to new all time high ($6.30)
• Volume was 2.9 million where the 50 day average is 782K
• MACD had a bullish cross over
• Slow Stochastics is a 58 therefore plenty of room to run

Caveat: The move today was massive, and took price action above the Bollinger band.  Therefore, a pull back is very likely and will be a buying opportunity.