3-15-2014 Charting Gold and Silver

There is a method to the madness of charting Gold and Silver. Short term trades can be tricky so looking at multiple charts can help to get a more educated guess. Make the odds work for you, like a card counter does with Gambling at the Casino. Fundamentally it`s a good bet on something with substance but short term trades can reverse on a dime. Candlesticks can be helpfull. On the other hand longer term approaches can produce if world conditions remain intact. It`s a topsy turvey world in the banking system, a much bigger and complicated game than us commoners consider. The funny part is holding Gold with the federal reserve is " Traditional ". The paper game is a tool to be used wisely. Set up to rely on tax payers for it`s backing. Like the Fed Reserve if you observe the big money they use it for purchasing assets---real physical stuff. Berkshire Hathaway is a prime example. That tool has been used wisely but it`s just a tool that keeps going down in value so they purchase real assets.

There is no telling what the International Bankers will do to offset any loss of control. Lots of cards up their sleeves. Just keep that in mind. In the background expect surprises, be ready to improvise and yes Gold and Silver will have it`s day and then correct as does world powers.

Short term I am looking at the AGQ chart. That black candlestick on friday is an indicator as you go back in the chart there was corrections with similar sticks. Naturally if you want to make an entry you want to get in at the lowest point if other indicators give reason to. We could see a Golden Cross but thats not always a true bull. It does give better odds though. Keep in mind the dollar index. If it reverses to the upside there could be a pause in any rise with precious metals. One thing that concerns me is Gold and Silver are not in the oversold position which is what I prefer for entry points. Also I am not a paid professional but only an amateur studying movements and this site is not a buy or sell advisory. At times I will state if if I have sold or bought with my limited funds and the reason why, usually because of charts. Current economic times is the reason why my focus is right here.