Inside The Charts: Why Silver And Gol...

Inside The Charts: Why Silver And Gold May Go Much Lower

Posted in the Personal Finance Forum

“Avoid The Wall Street Hype!”

Since: May 09

NYC

#1 Nov 19, 2013
Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the Federal Reserve signals no stop to their bond buying program known as quantitative easing (QE).

The charts probably give us the most unbiased view of where these metals are going. Neither chart looks healthy. Looking at the charts of the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) shows the ugly reality. Recently both charts have broken to the downside below major trend line support. The 2013 lows are all but a lock at this point and gold still has a chance over the next year to hit $1,000 an ounce.

Gareth Soloway
InTheMoneyStocks

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Personal Finance Discussions

Title Updated Last By Comments
News Aging New York Immigrants Confront Shortage of ... 6 hr spud 6
News More arrests coming in Lakewood | Di Ionno Wed SeptemberCampaign 7
News Boise takes in more Syrian refugees than New Yo... (Oct '16) Tue American 4
News Fed Balance-Sheet Plan Missing Key Detail Tied ... Jul 25 Ronald 1
News Time to settle immigration debate, once and for... Jul 25 Red Crosse 16
News Civil Judgments to Be Removed from All Credit R... Jul 23 how will that help 1
News Albuquerque guardianship firm facing of embezzl... Jul 21 Cut Property 2
More from around the web