Wednesday, April 03, 2013

Precious metals losing their shine

Despite stories abounding of people stashing up on gold following recent developments, it seems that the trend for gold and silver for the time being remains downwards, as the charts below show. There was an attempt to consolidate and form a base before starting to trend upwards in February/March, but that seems to have failed. Gold is close to giving another short signal, but silver is already travelling south:

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