Today gold closed up $9.10 at $865.80 and silver closed up .20 at $15.35.

An excerpt from an Aden sisters article posted yesterday:

"Gold is a safe haven, which is why demand is rising. Even though gold’s bull market turns seven years old in February, it’s strong and solid, and a buy and hold strategy is the best way to make the most profits… ride the mega-major wave to completion and keep in mind that the long-term trend has a lot further to run".

The Aden sisters say that the gold bull run will last for another 10 years.

Popeye, the point is how accurate AdSist. are in thier forecasts..
The below mentioned prediction sounds pretty good to me but perhaps we may encounter a slight correction from the current level before commencing the upword movement:

Analysts forecast silver prices in the $15-30/oz range
Silver, which is revered by some investors as the "poor man's gold," is
in for a Nantucket sleigh-ride of price action in 2008, according to
market-watchers polled by Platts; these analysts are forecasting annual
average silver prices as high as $30.00/oz this year.

     "I'm looking for a clean double [of the price of silver] this year," said
John Embry, a partner in the Toronto-based Sprott Assett Management. "We're in
the early throes of a serious monetary debasement. It will attract investment
in precious metals, and silver [will] be the major beneficiary, trading up as
much as a buck in a single day."

     Embry continued: "Demand for silver is solid, but you can't get more
production.
http://tinyurl.com/2c46cv
FTS

Sapper, over the past five or six years the Aden sisters have been predicting this constant rise in the price of gold.  Over the years they have been as accurate as anyone that I have seen.  I also believe what John Embry has been saying except that he may be a bit conservative.  It all depends on when the back of the paper players is broken.  Now is about the time for $1.50 to $2.00 drop in the price of silver if recent history is any guide.  The shorts have their back against the wall.  The reason that gold has taken off so convincingly is that nearly all of the huge short positions and hedging has been covered.  If this happens with silver we will see $50.00 silver in a hurry.  But I am not holding my breath.  No one knows just how far or how long  the Central Banks and paper players can go.

Today gold closed down $2.80 at $863.00 and silver closed down .05 at $15.30. For the week gold is up $24.20 and silver is up .54.

Popeye, for me, the most accurate in gold price prediction in recent years was Philip Manduca, Titanium Capital. I remember it clearly, in the beginning of Sep 2005 he called for $750 within 12 months. Gold reached $730. Now he forecasts almost $2000/oz within 24-36 months. I just wish I invested more in Sep 2005 than I did. But even from these levels 100% is a good catch within 2-3 years on gold. On silver perhaps even more. Still wanna add more silver and of course SRLM.OB
P.Manduca calls for $2000
http://themessthatgreenspanmade.blogspot.com/2007/11/two-guesses-for-next-years-contest.html

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p85005332920
FTS

Sapper,  having never seen  o% on all contracts on the Kitko website before I wonder if the Central Banks have closed all short contracts on silver. This will force the paper players to cover which will spike the price of silver like never before. I doubt that this is the reason but it is a thought.

Today gold closed down $3.70 at $859.30 and silver closed down .14 at $15.16.

Silver, silver...
The articles pointing out at the positive performance of silver in 2008 starting to show up.. and not from the typical Silver Bugs Authors..
http://www.newswire.ca/en/releases/archive/January2008/07/c6931.html

So something is felt in the air...
FTS

Sapper, thanks for the article.  I had not seen it before now.

Currently gold is up $13.80 at $873.10 and silver is up .31 at $15.47.

It might be well to note that the dollar is up slightly against the euro so far this week and yet gold is up strongly.

Wow, the Bullion Banks are getting desperate. All five lease rates were dropped today and the 1st four are at discounts. The Bullion Banks are actually paying the paper players to borrow silver on the one month, two month, three month and six month contracts.

Popeye, does it indicate that the silver price is before the bigger move?

BTW, Congrats to all Gold Bugs. Now it is time for Silver Bugs to show their muscles.
U.S. gold futures rose sharply to a record high above $875 an ounce at the start of Tuesday's pit trade, fueled by strong fund buying and surging crude oil prices.
At 8:31 a.m. EST (1331 GMT), most-active gold for February delivery GCG8 on the COMEX division of the New York Mercantile Exchange jumped $14.80 or 1.7 percent to $876.80.
In overnight sessions, it hit a high of $879.40 which surpassed the previous record high of $875 for COMEX spot-month futures set Jan 21, 1980.

Sapper, it indicates that the bullion Banks are in fear of losing the huge short positions that have been allowed to take place.  If they are not instrumental in knocking the silver price back down we may start to  hear the 30 story windows open.  If the paper players try to cover rather than go to jail then the price of silver should shoot out of a sling shot.