1811 Capped Bust Half Dollar
Friday, July 25, 2014
Gold and Silver Candlesticks
With both Gold and Silver in a trading range betting in between the top and bottom is risky at best, unless your willing to take a long term hold. The downside is limited with the upside about the same it appears. This is where from my observation one wants to use candlesticks for any confirmation which we don`t have presently. What I would look for is a black candlestick meaning some downside might be there. Any other direction is hard to say barring cotastrophe. The DOW is currently in control with the long term interest rates, keeping the money in the stock market. There may be a day when that could reverse into Gold and Silver, yet to be seen for now. The proper discipline now is look for an absolute bottom or any black candlestick for the downside with paper trading. The objective is to not to lose money.
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