For weeks, I alerted you to a yen devaluation and warned that it may next turn into a Euro decline, which could then be followed by a U.S. greenback collapse. All of these global bailout attempts and now this levy on depositors in Cyprus could destabilize the European banking system and boost the discounted gold (GLD) and silver (SLV) prices.

In ancient Greece, farmers would plant crops based on prophecies from an oracle. Today investors look to spreadsheets and minute by minute charts to try to predict the future. Trying to be a prophet is an unprofitable occupation. The secret to wealth is buying wholesale, waiting and hopefully selling it retail. Gold (UGL) and silver (AGQ) should bounce off key support levels.

Chart below as of 8:14am PST March 19th:

…..read more HERE