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clock Created with Sketch. 18/04/18
10:14
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Originally posted by paddington bear
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Another day – another direction on Wall Street. Today it was all higher. I mentioned yesterday that the S&P had a gap just above 2700. Has certainly filled that gap but left another one on the way up. Hard to make a specific call on the S&P when it reverses trend virtually every day but there is still the potential that it is forming an upslanting wedge which keeps me a bit cautious – possibly unnecessarily.silver . Ok, it was only a small improvement, but it doesn’t need much to break topside here. But…the gold /silver ratio is really nudging the trendline now. Also, gold was only up .13, silver was up .72 but my good friend palladium was up 1.11. (All taken from the cash market) These figures may not mean much on their own, but when you see the picture they are painting, they become very relevant. This doesn’t mean that gold can’t come off again, but if we can continue to build on what we have, I have to remain quite positive. I do admit it is pretty nerve wracking.
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Interesting take, somewhat aligned with yours PBhttps://pbs.twimg.com/media/Da9qegBW0AISy-X.jpg:large Brannigan Barrett @Trader_Bran 18h18 hours ago $ es_f # Shanghai
(20min delay)