Tuesday 1 March 2011

Gold and silver may be on the brink of a breakout - 2011-03-01 1757 GMT

it looks like gold and silver may be on the brink of breakout. Gold at 1429 and silver at 34.54. They are making a hard job of it. Lots of congestion with the old gold triple top from late 2010 at 1423.60, 1424.40 and 1430.60 providing resistance. Silver is near its recent high from last Monday night at 34.4 just in a tight trading range not doing anything while gold battles up through the resistance. Gold is tending to rise more than silver at the moment, because silver is treading water at the high.

If they both go on a rocket ride, it would be good to see!

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