1811 Capped Bust Half Dollar

1811 Capped Bust Half Dollar

Thursday, September 26, 2013

Gold and Silver Related

Both Gold and Silver represent a similar value. A hedge of real value verses the paper currency. They will indicate an economic condition. In todays market we are seeing hesitation due to more upcoming news being factored in presently. I am still seeing mixed signals that have been holding any rally back that many have been expecting. For the Silver charts I am looking at the 50 MA. The price has dipped below that level making it resistance. A bullish indicator would be above that Moving Average. There are other indicators still holding the price down also. For the physical silver buyers dollar cost averaging should still be their method. How silver and gold trade in the weeks to come is anyones guess, maybe sideways but I wouldn`t count out a possibility of a dip. It is possible for the 1 year daily RSI chart to reach the 30 level or possibly under. Don`t confuse the Stochastic RSI with the RSI Chart. They are different.

No comments: