Thursday, October 9, 2014

Comment on gold and silver at this second


GLD is above the Bollinger mean. That looks positive. I guess now everyone will shut the hell up about the supposed gold collapse and sub-$1000 price targets.

Silver is above its EMA but not above the Bollinger mean. That's not so good, but it's a zinc byproduct so hey.

Juniors are still down on the day, but that's understandable if the last 2 hours of yesterday was a short-covering frenzy.

Market equilibrium is shifting, basically.

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