21 March 2013

Gold Daily and Silver Weekly Charts - Flight to Safety


The divergence between stocks and the precious metals is still remarkable, but obviously tied to the risk trade.

The EU has given Cyprus a deadline of Monday.

Nuts.

The short term pivot for gold is 1620 but 1640 is more important resistance on a run at 1700.

For stocks the 1550 pivot on the June SP futures has been working.