Gold Daily And Silver Weekly Charts – That Was The Week That Was

Gold and silver had a very positive day today, running up to their short term overhead resistance intraday, and holding most of those gains.

There was intraday commentary on gold and silver here.

The moves next week will be much more meaningful than this short term run up off a very oversold condition.

I am ready for anything, given that the character of the bucket shop has not been improved.

I have included the economic calendar for next week.  There will be the *third* revision to 4Q GDP which, unless it is markedly revised lower to give some headroom for the next 1Q estimated, will likely be a trip to the snoratorium.

The macroeconomics and global situation are much more significant, even if the domestic trade and commentary barely gives it an exceptional nod or acknowledgement.

Remember me in your prayers, as I remember you.

Have a pleasant weekend.

 

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *