Friday, August 19, 2016

Weekend Metals Pricing

Here are the charts for gold and silver from June 1st till now.



Gold is showing some sideways chop.  You can almost see a wedge of consolidation there in the late July through now phase.

Silver while still showing the same sideways chop as gold is starting to break down.  Since late July we have been seeing lower highs and lower lows.  Still range bound, but not encouraging.  There is a large gap to fill down too if we do break down.

Anyway, enjoy the weekend.  Almost football season.  Can't wait.