Monday, 30 January 2012

New gold and silver charts ... breakouts? Maybe. 2012-01-30

The charts are showing some kind of breakouts for gold and silver, at least a short term breakout in silver. Gold looks better.

Gold has a fairly clear breakout from the triangle pattern:

Silver does not:

but the daily chart has a breakout from the shorter term downtrend in force since last September:

So, there has been a great deal of improvement since 1 January 2012 but silver is not completely out of the woods yet, don't you think?

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