Thursday, September 2, 2010

Eye of the Tiger

Rising up, out on the street
Did my time, took my chances
--Survivor

Few technical pictures stronger than gold's currently. Silver looks nearly as strong. Sweet 'cup and handle' look on this weekly chart.


Can be viewed as the market's increasingly higher assigned probability to a state of monetary and perhaps social disorder.

position in gold, SLV

2 comments:

dgeorge12358 said...

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
~Alan Greenspan

fordmw said...

Isn't it ironic, don't you think?
--Alanis Morrisette