Monday, September 26, 2011

Silver and Gold VERY oversold

Even in the bears wildest dreams did they ever imagine a crash so powerful as the recent one in precious metals....So, what now...For Silver and Gold, i believe we have seen panic lows...26.01 on silver should provide enough support, for a move back up to the mid 30's.... for Gold, the 1532 level is also now a strong support... Buys should be as close to the support levels as possible, with the stops just slightly below..

For example on silver, stop should be at 25.70...while the buy order should be between 26.5 - 27.0

In the last post, the buy recommendation on Gold at 1650 did not work, but the stop was there to protect, and make sure the damage is minimal...

At the highs, before all the mayham started..we had this post on the metals......

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