WOW! almost spooky! Gold and silver acting really similar to yesterday's pattern....even same daily lows. If today closes above yesterday's high [spot 892.50], next week will be very bullish. Even a close above $888 would be bullish. [My close reference is the late 5:15 EST KITCO close, not the 1:30 EST COMEX close].
Silver has again today rallied $.25 off its low and needs to close above $12.50 to indicate lows will hold next week.
I look at the week this way...last week saw a $50 rise in gold and $1.25 in silver. This week saw a $35 fall in gold and $.85 in silver....walking barefoot in sand, but moving forward. Watch HUI today for bullish expectations for next week.
And I see that $US:$CAN is at 1.188 again today.
If ECU has similar numbers as yesterday [holds $.60-61 and trades over half million shares by noon], then the path of least resistance could well be up for next week..........hmmmm
