Tuesday, December 13, 2011

Gold Daily and Silver Weekly Charts - Gold Breaks But No Silver Confirm - Did Jonny Lie?



Stocks were rallying until the afternoon and the FOMC announcement which withheld the QE Christmas candy.

Stocks went down hard led by the banks. Gold was hit very hard by a bear raid sell off down to 1620, while silver maintained some strength.

The stock market rebounded into the close somewhat as did gold. Silver has not confirmed the breakdown by gold out of its symmetrical triangle.

Why

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