Tuesday, November 9, 2010

Gold and Silver Have Reached Critical Resistance

Welcome to the game called volatility. It’s a special game designed to turn euphoria into a strong kick to the groin within a blink of an eye. Those that know how to handle the kick to the groin master the game.

It took all of two days from gold and silver to blast their way into critical resistance zones.
So begins the real battle for control. Gold and silver trends will accelerate once the today's resistance becomes support.

Gold and silver continue to show new highs in trend energy. Silver is shown below. Surging trend energy suggests a breakout is inevitable.

Paper Silver ETF (SLV)

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