Silver teased lower

[ancona]

I'm watching the chrts in Asia right now and beginning to see a sort of sick pattern. Silver [especially] and the other PM's are slowly being massaged lower, perhaps in anticipation of the mayhem that will [must......actually] break loose in the EU tomorrow.

Which ever way it goes, tomorrow is sure to be exciting. :flail::judge:

 

[mmerlinn]

Ancona, you might be right about tomorrow being exciting.

However, I just looked at some long term gold and silver charts and I don't see any significant uptrend starting yet. Gold looks like it will have trouble topping 1640 without another pull back first, and the same for silver at about 29.30 or so.

If those numbers do not hold this week, the sky is the limit.

My guess is that they will be tested, then a pullback. Then if this mess keeps getting worse, a punch through those numbers with more followup strength.

Regardless, keep buying every pullback. Sooner or later, PMs will go up.

 

[MasterQ]

Have any of you looked at how close the Bollinger Bands have got recently?!?!

Something big is about to happen!

Stay tuned!

-Q