Friday, September 21, 2012

Euro Gold on Track for all Time High Monthly Close

Gold priced in terms of the Euro notched a brand new all time high today at the London PM Fix and came within a mere Euro of matching its all time high based on the futures charts. It is on track, provided it has a decent week next week, to finish out the month at an all time high monthly closing price. It will be extremely difficult for the bears to mount a SUSTAINED sell off in gold as long as this chart stays firm.

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3 comments:

  1. LuigiSeptember 21, 2012 at 8:17 PM

    Appreciate your work. Thanks!

    Could you name Commercial Signal Failure level for silver? Is it possible to track such a level of price using the given data?

    ReplyDelete
  2. Trader DanSeptember 21, 2012 at 9:08 PM

    Luigi - No, I cannot pinpoint any such level. It would take some really startling development in the physical silver market for a Commercial Signal Failure to occur.

    ReplyDelete
  3. hildaOctober 3, 2012 at 6:20 AM

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