Another Bad week for metals including gold and silver. The Gold Silver ratio (XAU / XAG) = ~ 54.36, Dow / Gold = ~ 18.09, Gold / Crude Oil = ~8.42. Officials made irrelevant comments – many players misinterpreted the comments and got scared, The Market is cheering with 130$ gold Sell off , Gold in terms of Yen is back to the February high. Some predict bear market for commodities. Stock market crash in India, Russia and Saudi Arabia- did I miss something?
For the Weekend :
Platinum & Palladium charts , some PMs buying opportunities , Elliott Wave International Crash Course (needs short registration) - highly recommended !
Happy birthday to Sergio Cámara!
Click on charts below to enlarge: