Billionaire Eric Sprott: Gold is going to $2400 by next summer 13 Sept 2013

Silver Technical Chart 15 September 2013

Would like to see silver go above 26 and stay above it to get more excited and encouraged. This would prove to us that the down trend which has lasted more than 26 months has most probably come to an end. Like gold, we have to wait and see what comes out of the FOMC meeting in the next few days.

Gold technical chart 15 September 2013

All eyes are on FOMC meeting scheduled on September 17-18 due to Fed's decision on Tapering. Technically, on the charts, we seem to be at an important juncture also. I would like to see the 1300 level hold next week and preferably move up to 1350 and above so as to give a sigh of relief.