12 February 2016

Gold Daily and Silver Weekly Charts - Marking the Retracement Levels

"We all suffer for each other, and gain by each other's suffering; for man never stands alone here, though he will stand alone hereafter; but here is he is a social being, and goes forward to his long home as one of a large company."

John Henry Newman

"Only three things are necessary to make life happy: the blessings of God, books, and a friend.

Jean-Baptiste Henri Lacordaire

Gold and silver gave back a little of their recent advances through overhead resistance.

Uncle Buck gained back a little of what it had lost.

US markets will be closed on Monday for President's Day. Please try to carry on without them.

I have marked the simple factor of ten retracement levels on the gold chart, rather than the Fibonacci, which I ordinarily use, for the sake of simplicity. If you know them and use them, you will know where they are.

It is going to be sub zero in much of the Northeastern US this weekend.

Have a happy Valentine's Day, and a very pleasant weekend.