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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (7935)	7/14/2014 8:33:05 AM
From: Goose94	Read Replies (1) \| Respond to of 202719

Gold and Silver – As these two daily charts show, coming into today’s trading, gold had reached overbought and silver was screaming overbought. That’s why it comes as no surprise that after six straight weeks of gains, we see some heavy profit-taking at the start of the week. You can also rest assured that the shorts had to take a stand at $1,340 because of its technical significance and will do so even more at the critical $1,400 area. Silver’s $22 area will also be key resistance so it shall be healthy if it worked off some of the deep overbought condition it presently finds itself in before challenging that level. It’s actually constructive and would come as no surprise to me that by weeks-end, we made up most, if not all the decline says Peter Grandich