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Old 08-24-2012, 08:00 AM   #1
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Friday forecast?

"Friday’s Forecast: Partly Cloudy, With a 70% Chance of RAID"

The weekly Friday PM price smackdown has been like clockwork over the past year. Who else thinks today will be in for raid?

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Old 08-24-2012, 09:33 AM   #2
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I think things go sideways today through Tuesday - hovering around the 30.50 for silver and 1650-1670 for gold.
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Old 08-24-2012, 10:16 AM   #3
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We are overbought short term. We need a close today over 1672 to remove all doubt. So expect a close just below that.
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Old 08-24-2012, 10:21 AM   #4
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Calm and modestly down. No scheduled events today.

We could see a sudden raid out of nowhere as bullion banks are preparing for Tuesday's options expiry. But I expect that on Monday rather than today.

From a technical perspective some profit taking would be healthy after the last few days.
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Old 08-24-2012, 09:28 PM   #5
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They couldn't keep silver from pushing higher again. It may have a good smack-down on Sunday night / Monday, but the white metal seems to be rebelling against the powers that be.
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