Silver, Gold & Dow Charts 2012.07.26
- Thread starter thatguy
- Start date
Here's my thoughts, from here we have a quick rally to $33ish... then the fork in the road, either it bounces off 33.52ish and continues down to $19.10 with a brief pause @ $26... OR busts through 33.52 and makes higher then $37.50 then comes back to $33.52 and than up up and away. I personally will be keeping a close eye on $33.52 and may open a small short position @ $33.40 and close it @ $35.65 if I got it wrong
Flame away
TG,
I beg to differ fine sir!
I doubt it even gets there but if it does..................Sloping trendline into 200 dma , $30 and change, bang down she comes on spot. I'm not as bearish on either metal now, I reckon around $24 silver and $1475- $1500 gold will be it.
I'm just hoping we are back down at around $26 when the lunars are released
In fact I'd even take that as the low now as long as I can get me snakes around that price
The wait is doing me in.
I beg to differ fine sir!
I doubt it even gets there but if it does..................Sloping trendline into 200 dma , $30 and change, bang down she comes on spot. I'm not as bearish on either metal now, I reckon around $24 silver and $1475- $1500 gold will be it.
I'm just hoping we are back down at around $26 when the lunars are released
In fact I'd even take that as the low now as long as I can get me snakes around that price The wait is doing me in.
