|The ASX SPI 200 tested the June lows in overnight trading (Oz time), forming a possible double bottom. Possible, but not probable in my view, given the larger degree down trend. That said, anything can happen, so let's keep our eyes open.|
Wednesday, 13 July 2011
Hourly charts with market action updated since my previous Gold and Silver post 12 hours or so ago.
|The question I posed in the earlier post was, Will Gold and Silver join the decline? The answer to that for the time being was clearly No from the time that Silver tested and rallied from the lower trend line.|