Gold & silver: In the limelight

"Gold and silver have taken the limelight," says Mary Anne and Pamela Aden. In The Aden Forecast, they add, "Gold looks ready for take off and silver is poised to even outperform gold."

"Technically, gold's C rise is off and running and the triangle it's formed has clearly broken to the upside, with gold recently closing at a three month high today.

"Going forward, gold remains strong above $955. The last two hurdles gold has to surpass is the $985 level and the record high at $1004. Once this occurs, a super bullish C rise could take gold up to possibly the $1200 level as the next target. 

"Silver is similar. It's also in breakout mode, it's strong above $14.40 and its last obstacle is the $15.95 level. Once broken, silver could soar.

"Gold shares are showing even greater strength than the metal, and gold mining stocks have are near three month highs. 

"Investors should keep the positions they have. If you haven't bought yet, buy new positions now in gold, silver and the strongest gold shares.

"Among gold mining stocks, we are recommending Kinross Gold (NYSE: KGC) and Agnico Eagle (NYSE: AEM). Among ETFs, we continue to recommend iShares Comex Gold (NYSE: IAU) and iShares Silver Trust (NYSE: SLV)."