Gold and Silver – A Technical Analysis

Based on technical analysis, it can be argued that gold and silver are poised for a significant rally, possibly in late summer.  Although probably not thought of as the ideal time to expect a rally, historical results may show otherwise.  For example, in 2005 there was a substantial late summer rally, in 2006 a small pre-July rally, in 2007 a huge late summer rally, and in 2008 a small pre-July rally.  Does anybody else see the pattern?  It would appear that we are due for a nice late summer rally, I guess only time will tell.

Click the chart below for further analysis.

5-Year Gold

One Response to Gold and Silver – A Technical Analysis

  1. […] by the end of Q3 In recent blog posts, Is Gold Gearing Up (Again) to break $1,000? and Gold and Silver – A Technical Analysis, the latter of which is a terrific video, we have provided support for an upcoming increase  in […]

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