This Week – Gold & Silver
This week may see gold spend some time in a tight $40 range between $1760 and the 200 day just below $1800. On the other hand, silver, which closed right near it’s 50 day has over $2 dollars of room before getting to it’s 200 day just above $25.50. As they usually do, one has big moves(silver this coming week) while the other usually trades in the same direction but at a more muted pace. When silver gets to the 200 day, you can look for silver to slow down while gold will then out perform for a short period of time. (Don’t forget the usual Tues./Wed. pullback. Keep buying those dips.)