12 August 2013

Gold Daily and Silver Weekly Charts - Stand and Deliver

The metals popped nicely today, even while stocks were wallowing in a low volume slump because of fresh evidence of a lack of a global recovery out of Japan.

The area just above and through 1360 will be key resistance as should be evident on the gold chart.

I have included the economic calendar below. Each piece of data will help to sway traders with regard to the big 'taper debate.'