1811 Capped Bust Half Dollar
Friday, April 29, 2016
Gold and Silver
Quite a rally for Gold and Silver this last week. The train is rolling. It appears from the MACD Chart this has more room to move up. The cheap Dollar has triggered the first part. Interesting enough is to see the Stock market in general dropping with a low dollar. That could be a sign of money being maneuvered to another sector such as Gold and Silver. Chart wise it makes sense. Oil has already moved considerably so it could be topping out. Shale operators will be pumping again and I don`t think the glut problem is over yet. The good thing about the price of oil presently is it most likely has relieved some stressed finances. Silver and Gold have moved up strongly, not a typical bounce. If they do by chance both correct some it is probably buy on dips but that is just my opinion.
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