Gold and Silver – 10 May

This is an easy update, same as yesterday, just a little higher across the board. The charts with resistance and support are virtually unchanged. We are looking for a swing high in both gold and silver to determine the upper limit of an almost certain trading range over the next month or so. With QE2 supposedly coming to an end and uncertainty as to what the Hell is going to happen in general will take some time to digest. The beauty of it all is that nothing is fixed or resolved, the trade of the century remains on track. Don’t try game it or be a hero, just hang it all in gold. Buy and holders have cleaned everyone’s clocks.

 

Advertisements
This entry was posted in Dan Norcini Gold Analysis, Gold, PHYS, PSLV, Silver, Technical Analysis. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s