For gold and silver mining stocks reviews see: Gold and Silver Mining Stocks blog
Thursday, April 06, 2006
Gold and silver intraday charts & short term targets.
The precious metals rally continue. Gold and silver (XAU/USD, XAG/USD) made new multi decades highs today. Technically gold and silver broke out of a short term similar ascending triangle pattern. The gold silver ratio (XAU/XAG) = ~ 49, Dow / Gold = ~18.85, Gold / Crude oil = ~8.77.
For gold and silver mining stocks reviews see: Gold and Silver Mining Stocks blog
For gold and silver mining stocks reviews see: Gold and Silver Mining Stocks blog
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An interesting 17mins video talk by Dr Marc Faber on Geopolitics, Monetary Policy and Commoditues.
http://www.howestreet.com/fbn/index.php/mediaplayer?video_id=112
He thinks ALL ASSET MARKETS will decline at the same time (including gold/silver) though the precious metals will likely be the first to recover.
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