Related : Commodities Charts , Gold & Silver Stocks
Friday, April 21, 2006
Gold and Silver: Wild Price Action !
Expect this wild price behavior to continue, in 20 days the price of gold moved from ~585$ to 645$, then 24 hours correction and the gold price fall 38$ … The silver price is even more volatile pulling back 3$ in 24 hours. This wild action could be destructive for mismanaged over leveraged positions both on the long side and the short side, successful trading opportunities will probably continue to be offered by both silver and gold. This correction will develop one way or another, the market will speak. Accumulation will continue in my opinion – this is a temporary market reaction.
Related : Commodities Charts , Gold & Silver Stocks
Related : Commodities Charts , Gold & Silver Stocks
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