Jesse: Gold Daily and Silver Weekly Charts 11 Oct

Jesse has the prettiest charts on the web.

11 October 2011

Gold Daily and Silver Weekly Charts

Gold was strong overnight but was stepped on quite hard about 10 AM London time as is often the case. The east buys and the west sells.

Nothing has broken out yet. So we wait a bit and bide our time.

I am running some moderate gold bullion and a light silver addition on the ability to hold 32. A small hedge short broad stocks goes with it. No miners yet in the portfolio.

Posted by Jesse at 4:10 PM

 

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2 Responses to Jesse: Gold Daily and Silver Weekly Charts 11 Oct

  1. Seems we are at a crossroads. Sitting at $1685. If we break it we should get to $1800. if we don’t, we could be testing the lows.

    • MatrixSentry says:

      I agree, however a battle looms large at the the 45 day moving average around 1750 first. I think it will take a bailout solution for the EU to trigger the next round of worldwide currency dilution. Gold will respond with another run and another all time swing high. The march to Freegold continues!

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