21 December 2012

Gold Daily and Silver Weekly Charts - Bounce

Another divergence today as gold and silver went higher in a bounce as stocks plunged, particularly overnight.

Today was a quadruple witch. I am sure that thanks to recent market antics those playing the miners on leverage and with options have been eviscerated, which is probably the plan.

A short holiday week or two is coming up. Look for more shenanigans.

Have a pleasant weekend.