Tuesday, January 3, 2012

Gold Daily and Silver Weekly Charts - Big Rally From Year End Mark-To-Market Boogie Woogie



It appears that the theory that the big shorts were slamming down gold and silver into the year end *might* be valid, given the huge rally today.

But it is too soon to say for sure. I have drawn a short term downtrend line on the gold chart that is a 'must take' for the bulls.

If they can take it out, that's a nice bull flag there on the chart that gets activated.

Non-Farm Payrolls report

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