Several chartists have pointed to 37 as a temporary
resting point. I don't think it'll stay there long. From December through February the bankers threw all they could at the gold & silver market,and the reduction in price was small & bounced back in a couple of days.We had the big waterfall collapse in May of 2004 - people say that it would be hard to do in the present wobbly general market. I think we'll bounce along nicely until an end of
month Armageddon. Any real drop is usually in the northern vacation period when they're all away from their desks. Although if Martin Armstrong's date of mid June is set for a general market collapse , instead of precious metals going up, they take the usual dive as traders balance their books.
Then there's the Turd Ferguson/Wynter Benton contention that Feb& March were going to see great changes in silver markets, though it's the silver contracts holders
accepting 80% paper profits who will be making all the money - not shareholders. One would have to tune into the latest from Kingworld News, I think it was.
Add to My Watchlist
What is My Watchlist?