"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 ETFs, we continue to recommend iShares Comex Gold (NYSE: IAU). For a position in silver, we continue to recommend iShares Silver Trust (NYSE: SLV)."

Meanwhile, in Making Money, Fabian suggests, "Silver's performance this summer proves that gold is not the only way to invest profitably in precious metals.

"Indeed, the performance of silver has continued to shine even though the dollar started to recover during July. In contrast, the price of gold has begun to weaken with the U.S. dollar starting to rebound.

"There are good reasons why silver is retaining its luster. First, silver is less expensive to buy than gold. Second, silver benefits from rising industrial usage. Since silver is an electrical and thermal conductor, it is deployed in high-performance electronics and high-voltage circuits.

"Silver also has anti-bacterial properties that allow it to be used in the medical and water purification industries. In addition, the precious metal often is relied upon in food packaging and in solar panels used to provide alternative energy.

"If you're attracted to silver, you might want to consider iShares Silver Trust. The trust is intended to reflect the price of silver, less expenses and liabilities.

"Although the trust is not an exact equivalent of an investment in silver, it lets investors participate in the rise of the silver market. It certainly can pay off, as SLV is up 19.46% so far this year."

Steven Halpern's TheStockAdvisors.com offers a free daily overview of the favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.