Is Gold following Silver at the moment?..... I think so

Discussion in 'Silver' started by gbickle, May 24, 2012.

  1. gbickle

    gbickle Member

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    So last night Silver tested its long term support again, where it It bounced off taking Gold up with it. I say this because Gold broke through to the downside of its long term support at the Beginning of May. You can see in the Graph where Gold Tested it twice before breaking.

    Its interesting that Silver has now tested this twice recently and taken Gold up with it when it bounced. The question is whether it will break, when and if it tests it again. It will probably mean the difference between buying at $27 and buying at $18-$22 if the ECB / FED dont announce any Bond Buying in the near future

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