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Gold and Silver Drive Hard into Resistance

Commodities / Gold and Silver 2012 Aug 24, 2012 - 07:08 AM GMT

By: Jesse

Commodities

So far it has been a real lift for the metals, as they have both broken out of their short term capping and coiling patterns.

Now they have both reached intermediate, rather than short term, overhead resistance from trend lines.



I would not be surprised to see a little consolidation here and a few weak hands taking profits.

Bill Murphy Interview: JPM Is In Trouble (audio)


By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

© 2012 Copyright  Jesse's Café Américain - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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