Dear Central Bankers: Silver and Gold do not care about your opinion. They care about your actions.
-Soren KSummary
written by Vince Lanci. Open interest is low, RSI at the bottom of the move was good, The Fed's effectiveness is dying, The Yuan takes center stage on Oct 1, and the press still hates Silver and Gold. Interest rates may rise between now and the end of the year, but so what? Either they are loading their gun for the next crisis, or they are chasing inflation. BTD
Five Day Chart
A little dandruff never killed anyone
interactive Chart HERE
Gold/ Silver Spread
Expect more selling pressure when the New Spread Contract gets traction
Silver Daily
Same as Gold, but more fun
Also on MarketSlant
- Pricing Demand: How Gold and Silver Show Their Hand- RECCO READ for Technicians
- Central Banking's 5 Stages of Death
- [VIDEO] It Doesn't Matter Who is President, Gold is going up- McEwen
- MSM Treats Gold like "Asset for Deplorables"
Gold Technicals
- Wed was Outside Bull Reversal day
- Target is $1380 >> $1405+
- Bull flags are good above $1325 (Pivot)
Silver Technicals
- see gold above
- Target is $2036 >> $2100+
- Bull Flag safe above 1947 (Pivot)
-vbl
cbar
Read more by Soren K.Group
