GREY:PTQMF - Post by User
Post by
Libertygon Jun 28, 2011 12:01pm
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Post# 18774263
markets
marketsGold and Silver are clearly showing two likely scenarios. Either this is a bottoming at these levels or we are about to see a breakdown and more severe drop. A bounce for a day or two won't change that, but a drop below yesterdays lows and closing there warns of a sharper drop coming. Silver is most vulnerable, and gold will hold up better by comparison. This would tell me if we are concluding the correction or beginning a second leg that will take us through another 2-4 months. The stock market is in the same boat. We should have clarity soon. Oil looks destined for 80/85 if so the metals could follow, it's getting mighty interesting as the Fed's QE2 concludes, and Greek the first domino collide. IMO.
Keep an eye on the closes for the next couple days.