Following Silver’s Lead …

Free Image Hosting at www.ImageShack.us

Silver continued its break out in the overnight.

Free Image Hosting at www.ImageShack.us

Tuesday is day 20 for silver and we are seeing some follow through to yesterday’s breakout.

Silver will likely continue to rally until the dollar prints it low.

Gold looks like it wants to follow silver’s lead.
Gold is up in the overnight.

Free Image Hosting at www.ImageShack.us

We need to see gold break above 1630 for this daily cycle to form as right translated.

The dollar appears to have made a decision on its direction, which should help gold break out.

Free Image Hosting at www.ImageShack.us

The dollar had a clear and convincing trend line break in the overnight.
Now the dollar should move down past the current cycle low printed on day 13.

As the dollar seeks out its low we should see precious metals peak.

Free Image Hosting at www.ImageShack.us

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.