1811 Capped Bust Half Dollar
Thursday, August 7, 2014
Update gold and silver
Judging by the GLD and AGQ technical charts I am going to go a bit out on the limb. At least I post what I see. Maybe I am a bit aggrivated but there are those who say one thing or the other but I don`t see their blog putting on a line with comments. Needless to say I do however this is a study blog, not a recomendation buy or sell. I just give ideas. So this is what I see with the charts. The 20 day moving average is still in a downward line. Given that the recent rebound may need a little more time for a confirmation of uptrend short term, saying 1 month or so. Unless the DOW gives up it`s threshold of dominance with the money. As I mentioned trends can change but the upward DOW has controlled the price of silver and gold to this point. I do think if the 20 day MA begins to point upward we might see a rally. That is what I am looking for.
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