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Strategies & Market Trends : Ride the Tiger with CD

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From: Canuck Dave1/3/2005 1:04:41 PM
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Just looking at some interesting figures.

Basically, gold and silver versus the Euro and Canadian dollar are near one year lows. Here's an example.

finance.yahoo.com

I'm glad to be out of the majors at this point, and getting more and more excited about the next few months. I think we're very close to a major buy point. Here's my favorite plot, which shows silver is approaching 3 year support in the trend line AND the paper market swinging around to a bullish number again.

users.skynet.be

It also shows the gradual building of open positions (a feature of bull markets), and that the net open position on silver is very close to the rising trend support lines.

I think all trend lines will hold but will wait for confirmation.

CD
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