Latest Firearms & Gold News

Are Gold and Silver Nearly Done Liquidating

0

So as we come to the gold, one of the things we talked about is could the market get back to fight a battle at the 18-week average. It hasn’t done it in a long time. You had to go back to last March in order to get where it did it before. And before then, a year ago – right here in the October time frame. And guess where you’re at tonight, you’re exactly at that number. So this is where I think the market’s first major support test comes in. Right now, right here.

You’ve had one heck of a break. Any way you want to cut it, $230 is a monster break in a market alright. The trend is clearly down – lower highs, lower lows. The market is now, tonight, back to the hundred-day average as well.

Read the full article here

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy