Saturday, May 13, 2006

Gold , Silver market update

The Gold Silver ratio (XAU / XAG) = ~49.85, Dow / Gold = ~15.94, Gold / Oil (Light Sweet Crude) = ~9.92. Here are Spot Gold (XAU) and Spot Silver (XAG) intraday charts annotated with moving averages, trend lines and Bollinger bands.

XAU, Spot gold intraday chart

XAG, Spot silver intraday chart

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1 comment:

BlueDaze said...

Hi real1,

You remarked in Bill Cara's blog that the current correction in gold may be a good buying opportunity.

If I read yr gold chart correctly, the trendline support is at the $670 level.

So, gold at around $670-680 could be an entry point.



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