Silver: I think the range-bound consolidation during the past few months is coming to an end. A break above $18.5 with strong volume will be very bullish.
Sunday, June 08, 2008
Precious metals technical update
Gold: There is a potential inverse head and shoulders reversal, and a break above the neckline with strong volume will be very bullish. I made a premature call on an inverse head and shoulders at the end of April, and the problem was that there was no prior downtrend to reverse. This time, there is a clear prior downtrend to reverse.
Silver: I think the range-bound consolidation during the past few months is coming to an end. A break above $18.5 with strong volume will be very bullish.
Silver: I think the range-bound consolidation during the past few months is coming to an end. A break above $18.5 with strong volume will be very bullish.
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