Gold holds - silver stuck - S&P slumping | Metals Mine

  • Gold holds - silver stuck - S&P slumping

    From kitco.com

    As suggested was the probability in my last writing, gold outperformed silver this week, and an update to the charts indicates gold's outperformance remains probable. Below is silver on the 4 hour time frame as presented last week with the support/resistance lines extended. The chart shows a break-out from the $93ish level solidly reversed. Bulls found support at $78, but it stands to reason that the wall just over $90 will take serious buying pressure, similar to that seen in late December early January to crack. Conversely, gold held it's breakout over 5100 and until proven differently - it stands to reason the ... (full story)

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