Message:

<p>[QUOTE=&quot;vegasvic, post: 414916, member: 15296&quot;]I follow the technicals of gold and silver constantly. They are just like stocks, with 100 and 200 day moving averages. Also lines of support and resistance. From the looks of the last week all of the technicals were tossed out the window and we entered uncharted water. I don&#039;t belive that&#039;s necessarily bad, but we need to wait until the technicals are reestablished and the price starts back up. Remember that you will never buy at the bottom or sell at the top. There are several things in favor of a price increase. The more unstable the world the more investors scramble to the security of gold and silver. We have the oil crisis, the housing crisis, the upcoming election, and the dropping dollar to name a few. All leading to a promising outlook for precious metals. However, as far as I&#039;m concerned, it&#039;s time to sit on your hands and let it come back say 10% or more before jumping in. I included the technical charts from Monex.com for silver.</p><p>Vegas Vic</p><p><u><span style="color: #0066cc">Close</span></u> </p><p><img src="http://monex.com/images/charts/SB_HILO_90DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://monex.com/images/charts/SB_CANDLESTICK_180DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://monex.com/images/charts/SB_LINE_365DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://monex.com/images/charts/SB_LINE_1825DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>&nbsp;</p><p>&nbsp;</p><p><img src="http://monex.com/images/charts/SB_CANDLESTICK_180DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://monex.com/images/charts/SB_LINE_365DAY_BIG.PNG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in