Outside Reversal Days for Gold, Silver and the HUI

Monday produced outside reversal days for the gold price, the silver price and the HUI:

Gold Price Chart (click the chart to enlarge)

Silver Price Chart (click the chart to enlarge)

HUI chart


An outside reversal day is a day when intra day prices went lower than the previous days intra day prices, and intra day prices went higher than the previous days intra day prices, and the closing price was higher than the prevous days closing price. In this case, it signifies high odds that the current down trend is over.




Enjoy.

Protect yourself.

"The important thing now is to formulate a plan for when the wounded beast ceases the charade and takes the gloves off."