29 August 2014

Gold Daily and Silver Weekly Charts - Cap 'n Coil

Nothing really happened of note in the Comex warehouses for gold.

Silver is seeing the usual movements, in and out, with CNT providing quite a bit of the action.

We are now trading the metals for September, which is an active month for silver and not gold.

US markets will be closed on Monday for Labor Day.

There was commentary overnight about the Coppock indicator which is signaling an intermediate bottom in the price of gold and most likely for silver as well. You can read it here.

In my opinion any chart or technical signals are subject to some form of confirmation. The metals need to break out of their doldrums.

Have a pleasant weekend.