SLV....its looking like last August again...$22 by late May/June?
GLD: a test of the 150s looks likely. 140s by late April/May ?
Momentum on Gold is especially weak, so maybe Gold can lead the way lower within the next 1-3 weeks.
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Tuesday, 13 March 2012
Metals Update - still looking weak
I wasn't going to bother noting the metals for at least a few days, but today's action smells VERY weak.
SLV....its looking like last August again...$22 by late May/June?
GLD: a test of the 150s looks likely. 140s by late April/May ?
Momentum on Gold is especially weak, so maybe Gold can lead the way lower within the next 1-3 weeks.
--
SLV....its looking like last August again...$22 by late May/June?
GLD: a test of the 150s looks likely. 140s by late April/May ?
Momentum on Gold is especially weak, so maybe Gold can lead the way lower within the next 1-3 weeks.
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