11 March 2016

Gold Daily and Silver Weekly Charts - Central Banks As Financial Cosmeticians

Today was just one of those days where the 'invisible hand' tries to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and 'lays an egg' in doing it.

So after all this today, are you feeling more confident in The Recovery?

The chart formation in gold remains intact, but not activated or nullified as of yet.

There will be the March FOMC meeting next week.

Let's see what happens.

Have a pleasant weekend.