Gold is trading at price not seen for 25 years; Silver is trading at price not seen for 22 years. When the historical perspective is taken in account the precious metals market is really exciting right now. Caution is always advised to those who hold margined positions, especially in silver which is clearly in a parabolic phase. However, silver does not face much technical resistance all the way
Finally gold succeed to follow the price of silver and surpass the 2006 Feb peak. Silver continue to climb faster then gold, the XAU / XAG ratio around 50.5.Time for Gulf economies to increase gold reservesBy Dr. Eckart WoertzCommentary byThursday, March 30, 2006"but the central banks of the region have not shown the same amount of foresight yet. Their gold reserves are very low, both on an
Gold broke up against the upper diagonal downtrend line, in addition it now trades above the { B }high. Gold in terms of USD, EURO & YEN is trading in a correlated fashion. Silver continue to go higher making new multi years day after day (long term silver charts).gold and silver stocks reviewsClick on the charts below to enlarge
Rising silver price as opposed to crashing silver price 2004-01 April, relatively low gold: silver ratio and potential typical bullish consolidation pattern are all supportive of higher gold price. Click on the charts below to enlarge:
Gold continue to show strength and to perform against all the three major currencies. The upper downtrend line is broken for Gold / Yen , Gold / USD & Gold / Euro currently struggling against the upper downtrend lines. There is some overhead resistance around recent highs, likewise good support at appropriate Fibonacci levels. Click on the charts below to enlarge:
Gold is currently trading higher then Friday high. Silver is also higher, making a multi year high again...As I posted a several time in the past: each and every self respected exchange will soon offer gold and silver trading / saving instruments. Here are some of the important news which directly effect gold and silver:Dubai commodity bourse to begin silver futures trading today Dubai: The DGCX
Gold emerged from what I assume to be [c of C] simultaneous bottom for Gold / USD, Gold / Euro & Gold / Yen Exchange rates(see the post from two days ago). A pure and powerful technical move which propelled gold higher, closing at a two weeks high just 15$ (less then 3%) lower then the multi years high.Click on the chart below to enlarge gold spot eight hours intraday chart annotated with the two
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