Metals By The Numbers
Gold advanced this week and on Thursday and moved over the 50 day EMA but closed back under it on Friday.
The GLD weekly chart gaining over 1% may have moved enough to rule out the bear flag that looked like it may be forming. To confirm that you would like to see a move over the Ctr. Bollinger band now at 166.
The gold miners ETF was down .5% this week on lower volume.
The mechanical GDX remained on a sell unchanged from last week.
Silver gained 4.5% this week closing back over the 50 week EMA.
On the shorter timeframe chart we see the move took it right into a possible resistance area at this 38.2% Fibonacci level.
The S LV mechanical chart is back on a buy after being on a sell since December
Copper was unchanged this week.
Palladium has been very strong since the end of October and volume picked up this week as it broke out into new levels gaining over 3%.
Find more Gold News now at NonStopGold.com
2013-01-20 13:47:44
Source: http://www.nonstopgold.com/2013/01/metals-by-the-numbers-14/
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