Tuesday, January 11, 2005

Broken Down Trend Lines

It is looking even better that gold and silver have bottomed just recently. Today silver broke up through its down trend line from its high of the beginning of December. Today gold broke up through its down trend line not from its high of the beginning of December but from its lower high of the begining of two weeks ago.

Today the dollar broke down through its recent 7 day uptrend line.

I can't say objectively what's going on here between the three, but gold and silver are looking even more like they have their corrections over with. At least that's what the seat of my pants are telling me. 2005 should be a great year.

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