17 January 2013

Gold Daily and Silver Weekly Charts

It is interesting to see stocks and the metals moving back together again.

I would very much like to see gold and silver return to and take out the pre-December levels. And if there is a stock market correction I would like even more to see a divergence and a flight to safety in the precious metals.

So far gold has made a bottom at a 60% correction off the prior range, aka the 'cup.' Yes, I am still keeping an eye on that one.

So let's see what happens.