21 September 2012

Gold Daily and Silver Weekly Charts - Bear Raid in Honor of Quad Witch


Gold and silver were rallying hard to day, reaching new recent highs and threatening overhead resistance when they were hit rather hard and suddenly, on no news and without a commensurate move in stocks.

This looks like quad witching action.

Here are the charts so you can see where we stand. Intraday commentary discusses the daily gold chart formations.

See you Sunday evening.