GLD, daily
SLV, daily
Summary
Long term bearish trends continue, this is merely a bounce along the way to $1200 and $20 respectively.
Thursday, 17 May 2012
Metals make a break higher!
Despite the main equity market falling again today, Gold and Silver actually had a strong day. This is doubtless partly due to the currency markets, where the Euro is actually suggesting a floor is being put in (it closed with a reversal candle).
GLD, daily
SLV, daily
Summary
Long term bearish trends continue, this is merely a bounce along the way to $1200 and $20 respectively.
GLD, daily
SLV, daily
Summary
Long term bearish trends continue, this is merely a bounce along the way to $1200 and $20 respectively.
