Thursday, May 21, 2009

Gold Technical Picture

My Comments: I concur with every said in the video...Seasonally gold should be weakening. However price is indicating further upward momentum. And this is why you need some technical analysis to compliment fundamental analysis and seasonal trends. Using price as an indicator, in my opinion, trumps all other indicators in short to medium terms...wait for pull backs and use tight stops.

Ditto for silver...

Video here...

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