Monday, August 12, 2013

Coiled Gold

Your voice will sink
So stay off my back
Or I will attack
And you don't want that
--Snap

Gold and silver getting up close and personal with the June gap this am. This market seems pretty coiled right here.


Should the metals pierce resistance directly above, we may see some fireworks. A ton of specs are short, and many have likely placed stops directly above.

positions in gold and silver

1 comment:

dgeorge12358 said...

If our money were backed by gold and silver, people couldn’t just sit in some fancy building and push a button to create new money. They would have to engage in honest trade with another party that already has some gold in their possession.
~Ron Paul