Thursday, March 09, 2006

Gold and Silver

Not much to say about the action in the precious metals market today. Gold and silver consolidate, silver is still in a strong uptrend while gold might defined a new (less steep) channel. I have to look deeper and see about the Elliot wave counts for both silver and gold. This way or that way, the technicals and fundamentals are still implying for much higher gold and silver prices. Occasional washouts are a must though...

Click on the charts below to enlarge:

silver spot chart
gold spot chart

1 comment:

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