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Tuesday, May 09, 2006 9:12:57 AM
***$ILVER & $GOLD UPDATE***
*I had hypothesized coming into this week that we will see volatile action and a move $30 in either direction for $GOLD. Well after yesterday's early dip, $GOLD went on to close strong led by $ILVER's positive divergence to accomodate the $5 drop that ended the decline in $GOLD and both went on to close stronger than I thought they would after seeing that decline. It was especially prevalent in the $ILVER ETF, ticker symbol: SLV.
*This morning, I see $GOLD and it looks to have broken out again, although that may not be confirmed until a $687 tick, but the early indication is screaming all systems are a go, and if that happens, we could be at $710 the ounce on $GOLD before the end of the week!
*$GOLD $684.20 (+$6.80)
*$ILVER $13.96 (+$.18)
*I had hypothesized coming into this week that we will see volatile action and a move $30 in either direction for $GOLD. Well after yesterday's early dip, $GOLD went on to close strong led by $ILVER's positive divergence to accomodate the $5 drop that ended the decline in $GOLD and both went on to close stronger than I thought they would after seeing that decline. It was especially prevalent in the $ILVER ETF, ticker symbol: SLV.
*This morning, I see $GOLD and it looks to have broken out again, although that may not be confirmed until a $687 tick, but the early indication is screaming all systems are a go, and if that happens, we could be at $710 the ounce on $GOLD before the end of the week!
*$GOLD $684.20 (+$6.80)
*$ILVER $13.96 (+$.18)
HI-HO SILVER !!!
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