ChartDaddy.com
from TF Metals Report
No, I’m not changing the name of the site but if I crank out a few more posts like this one, I may have to think about it.
So here comes the chart dump. I hope you’re ready. Presented without much additional verbiage since I have already written most of my thoughts onto the charts themselves.
METALS
We are very close to the breakout. All we need is a little shove. Something to squeeze shorts and start the momentum to the upside. Gold has clearly bottomed and is trending higher. A break of the “Battle Royale” line near 1670 and IT’S ON. Silver looks much the same. The original Battle Royale line is now somewhere between 28 and 28.50. And you wonder why silver seems stuck just north of $28? The BIG FIGHT will be at Battle Royale II, which is currently near $32. Through there and it’s off to the races, once again.
Continue Reading at TFMetalsReport.com…
2012-08-08 14:41:49
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