Thursday, March 06, 2008

Gold and Silver Outside Reversals Days

The first business day of March, silver puts in a ** 10th ** up day in a row. Then the next day both gold and silver had good down days. Then the next day, **BAM **, outside reversal days to the upside for both gold and silver. Screamingly bullish, in your face to the anti-gold cartel, price action.

Here is how they look on futures charts:

A fun graphic:

Silver moved up about a dollar during the NY hours. At some point, silver will be making moves up of $4-5 per day, making 100% gains in a day for those that bought silver back when it was between $4-5. They will be having several 100% gains in a day at some point out there in the future. The gold and silver outside reversal days are things of beauty. There will be more and they will be bigger.

No comments: