Friday, July 1, 2011

Precious Metal Long opportunity 7/1

To the left are 4 hour charts of both gold and silver futures (GC & SI). It looks like both charts are starting to form hammers off of previous low peaks (not exactly but close). along with both of them showing some good divergence, especially in gold. I think this could be a good time to get in on these and I finally found a play I like after most stuff has been going against its recent trend and not much opportunity to get in. Contrary to popular belief, we have not quit the blog, but when I don't see good entries or spots I like, I tend to just not post as appose to spew BS about indecisiveness. So if you see little activity on the blog its probably cause the market is choppy or starting a new trend and I dont see a good entry spot.