Friday, December 17, 2010

A Perfect Day!

First I would like to point one thing out:  see how we are coming into the three day average (gold chart)?  This is very common.  Consolidation on the third day is standard.  If there is one up day, and then a down day, the third day should finish right in the middle.  This trend is the most common trend. 

I would not be surprised if silver made its way down and finished at $29.  Platinum is still the strongest of the three right now, and may finish on the high side, let us say, $1697.

I love having precious metals break out on a Friday.  It shows the real mentality and uncertainty of the market; for all of the talk by dollar bulls this week, precious metals still reign supreme.

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