Gold and Silver Mining Stocks
Commodities Charts
Elliott Wave Tutorial
Here are some charts of Gold in Euro, Yen, US Dollar Index & Silver.
Wednesday, May 31, 2006
Gold , Euro , Yen , Silver & USDX Charts
Gold and silver moved downwards while precious metals stocks moved higher. This is the Great Global Gold & Silver Bull Market and the metals will move higher in each and every national currency. Both gold and silver are accelerating and the volatility can get much higher. When to buy / sell or just hold is highly dependent on who you are and what your style is. I'm just holding and buying the deeps, ~100$ sell off is deep enough for me. The Gold Silver ratio (XAU / XAG) = ~51.44, Dow / Gold = ~17.39, Gold / Crude Oil = ~9.02.
Gold and Silver Mining Stocks
Commodities Charts
Elliott Wave Tutorial
Here are some charts of Gold in Euro, Yen, US Dollar Index & Silver.
Gold and Silver Mining Stocks
Commodities Charts
Elliott Wave Tutorial
Here are some charts of Gold in Euro, Yen, US Dollar Index & Silver.
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1 comment:
Next step for gold is the 615 level. There is no positive action in the chart, so is probably for me we reach that level in the next days.
In case that level is broken, with i don´t think is going to past in the first attempt, the next move will take it to the 585 level. That is a level to buy gold, without any fear, because a big up trend will be starting again.
Until, we don´t see moves up the 675 level, i will remain bearish in a short term basis.
Bye
"The market is the only that is always right"
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