Wednesday, January 25, 2006

Gold and Silver intraday spot charts

It appears like both gold and silver are pretty comfortable at current levels. I again re modified the wave counts (annotated on the charts). Silver had built an extended box formation and the breakout should be powerful – Up in my opinion.

The "professional" analysts are always looking for some kind of political news to explain the price of gold , but remember, this market is subject to growing demand and rigid to declining supply , the renewed recognition of gold as the base monetary asset and the waves of almost infinite paper liquidity looking for home… All are long term global forces.

Click on the charts below to enlarge:

No comments:



Gold Global Perspective Feed

AddThis Social Bookmark Button AddThis Feed Button