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The daily charts of both gold and silver are beginning to show some bullish signs. On Sunday night, silver plunged about two dollar an ounce, but there wasn’t much volume, which is bullish huh. And on Monday, silver move like “Skyrocket” because action is not taken to reduce government debt. Oh yes, Monday’s trading volume was truly massive and there is now a “key reversal” day visible on the silver chart. See below MCX Silver chart.
You can see on above chart, silver is looking bullish for one-two weeks. If silver cross and close above 45,504 level then it will kiss 50000 level in few trading session. Let’s talk about this week, silver is looking strong and will kiss step by step 43751-44337-44997-45504. Where should I take position on silver? Sorry, I will say to subscribers with stoploss.
See above the gold chart and it is beginning to display a bullish hook. As I mentioned on above chart, just follow the trend. More information about Gold for subscribers.
For smart traders beck is enough: since late 2012 the S&P 500 has been on a nonstop rise, while gold has gone the other way…
See below MCX Crude oil chart and get the future!
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COMEX Gold 5% and Silver 5.52% down on the week and over the last week, you have had an appreciating dollar, so I think that’s weighed on gold price. From the last several years, gold and silver have steadily been moving into stronger hands in its flight from greedy, cavalier and arrogant central bankers who never saw this coming. Why not? They have been habitual drinkers of their own cool-aid. In common situations, when supply is short and demand is strong and growing, the price of such a commodity, good, or service will increase. Just the opposite is happening in the gold and silver markets. For right now, the central bankers are defying the natural law of supply and demand, and it is working. Why is it working? People are not objecting! People are passively taking whatever the NWO/central bankers dish out.
Should you be buying gold and silver at any price? Remember, price is not the issue. Availability is! And we know, central bankers hold all the power cards, and they will play them, at all costs, and the costs will be yours to bear… In all probability, most expectations will be underestimated.
I said, “Once gold close below 26,456 level then targets will over 25,958-25,670.” As I said, Gold kissed my first target and moving to touch the second target too. My subscribers earning money from May 09…
Silver direction:
Technically and fundamentally, silver is looking weak. Silver may take U-turn from 42,591 level and it can touch again 43,962 to 45,460 levels. If it does not stop at U-turn level 42,591 then it will touch step by step 41,734 – 40,700 – 39,510 – 38,652 levels soon.
But what is the exact level? Where can I buy or sell?
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On last newsletter, what I had written about Cardamom? Click here to read it I said, “Let me introduce to everyone one of the hot item… MCX Cardamom Go and Sell it with Targets: 723-717” Cardamom kissed first targets! Our subscribers sold @ by mail, “SELL CARDAMOM @ 734 S/L 741 TARGETS: 716-711 RISK 7 RUPEES AND PROFIT 12+ BOOKED PROFIT @ 718 LEVEL“
On May 17, 2013 I had also written about Cocudakl Click here to read it again I said, “Sell COCUDAKL with Targets: 1433-1429-1422 below” COCUDAKL Kissed all targets, enjoy!
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If you want to play safely then go and sell Natural gas without worry… Intact targets: 213-212
Let me introduce to everyone one of hot item… MCX Cardamom Go and sell it… Targets: 723-717
Looking 99% Hot! Go and sell it Targets: 1433-1429-1422 below To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
In above chart, I’ve highlighted the trading range with blue and red HSR (horizontal support and resistance) lines. Your one mistake can give you huge loss. Read carefully below levels and make your every trade perfect!
Where are the stops? For MCX traders Buy stops: 27,244 Sell stops: 26,456
For Comex traders Buy stops: $1488 Stop sell: $1448
Note: once gold close above 27,244 level then targets will be over 27,608-27,838 and if close below 26,456 then targets will over 25,958-25,670.
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