The hearty bounce that took place in gold (via GLD) over the past week is, I think, complete. Take note of the horizontal, and in particular, the substantial amount of trading activity above that zone.
That’s It
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Metal’s Bounce
The last seven days have been a roller coaster for precious metals, but gold has been bouncing recently. However, I want you to pay close attention to the broken trendline.
In Case Silver Melts Down More
Gold’s Resistance Points
It’s simply been one repulsion after another. I suspect a relief rally will be in store in the coming weeks, but it’ll just get thrown lower yet again.
