Wednesday, March 9, 2011

Gold in Line

Gold looks to be back in an uptrend today, even though it pulled back from its highs a little for the day.  Silver too, but both are rebounding nicely.  Platinum is staying well balanced near the bottom of its range.  I will wait for platinum to charge its resistance before I get too excited about gold and silver.  For now, the Trinity shines for the whole world to see.

The dollar has not responded well today, so if it is not a risk asset, what is?  Nothing except two banking houses seem to be doing well.  Them and physical precious metal that is.  Oil is doing well too, and with the recent moves in commodities they are doing fine.  However, they are still traded for paper.  Paper trades are getting heavy.

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