Both gold and silver tested the expected support levels of 1450 and 40 today and held those levels successfully.
Let's see what new variations on a theme that the TBTF banks will have for us, even as they start trotting out their earnings tomorrow.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot