GOLD AND SILVER TECHNICAL LEVELS 20 MAY 2011 : BUSINESS DESK CHIEFSWORLD
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CHIEFS WORLD
May 19, 2011, 5:09:38 PM5/19/11
to chiefsworld
Gold and silver both continue to consolidate. It's about as fun as
watching grass grow. However, what you cannot see is a steady build up
of SL levels on both sides of the range.
In Gold:
Bears have their stops placed above 1500, 1516.50 and 1526
Bulls have their stops below 1472 and 1462.
We talk bulls and bears but it's really a game of chicken, to see who
will flinch first.
In silver:
Bears have their stops placed above 36.46 and 39.50
bulls have their stops below 32.98 and 32.30.
Both sides appear unsure and keying off US DOLLAR moves.
A game of patience at the moment that should be resolved before the
end of next week.
FOR REAL TIME RATES OF BULLION AND REPORTS VISIT www.goldrates.tk with
LIVE ETNOW TV CHANNEL AND ONLINE TECHNICALS
watching grass grow. However, what you cannot see is a steady build up
of SL levels on both sides of the range.
In Gold:
Bears have their stops placed above 1500, 1516.50 and 1526
Bulls have their stops below 1472 and 1462.
We talk bulls and bears but it's really a game of chicken, to see who
will flinch first.
In silver:
Bears have their stops placed above 36.46 and 39.50
bulls have their stops below 32.98 and 32.30.
Both sides appear unsure and keying off US DOLLAR moves.
A game of patience at the moment that should be resolved before the
end of next week.
FOR REAL TIME RATES OF BULLION AND REPORTS VISIT www.goldrates.tk with
LIVE ETNOW TV CHANNEL AND ONLINE TECHNICALS
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