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Like most people who end up with their own blog, I have become overwhelmed with the job of managing information. I subscribe to numerous feeds and literally swim as hard as I can just to stay up to date. Many people I know have asked about where I source my news and commentary and it becomes an awkward, unwieldy experience trying to encapsulate a cogent reply. So this blog is my attempt to point people to a single place where information I follow flows. My blog list is very extensive and I have tried to whittle it down substantially. I am also on the prowl for more blogs, therefore all recommendations will be highly valued! I have daily feed straight to this site some of my favorite content. Daily review of Mish Shedlock, Nathan Martin, Jim Sinclair, GATA, and Martin Armstrong are essential IMO and will be posted here. Also, I endeavor to provide weekly Technical Analysis of Gold, Silver, US Dollar, and select markets. I hope to provide some with an exposure to technical analysis, and at the same time hone my own skills. Also, I will be adding commentary to the daily feeds from other sources. In time, this will be the primary focus of my blog as frequent visitors will channel feeds appearing here directly to their own sites and will come here for either analysis or commentary. I hope you find some utility here and it serves you well out there in the Matrix!

Wednesday, June 16, 2010

Gold and Silver 16 Jun

The potential double top I spoke of last week is thus far not materializing.  A decent rebound is underway and an apparent third test of the 1250 area may be in order.  Support now moves up to the most recent low set around 1216, which is essentially the 18 day MA.  Further support is just under 1200.  Resistance is the all time high at 1252.

Daily: "

via StockCharts.com
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Silver also seems to be rejecting the notion that a double top formation is in progress.   Silver trading over the last few months has been range bound between 17 and 19.  We are currently approaching the top of that range where chart resistance lies around 18.86. Support is coming fro both the 18 and 45 day MAs around 18.30.

Daily: "

via StockCharts.com
"
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