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<p>[QUOTE=&quot;desertgem, post: 1052041, member: 15199&quot;]I heard a person on CNBC today say that gold was going to continue down because it had a chart with a double head{Peak}. I have heard very few technical analysts giving guidance on gold or silver using such old favorites, I do not believe they apply, as so many other factors can readily come into play. Then on &quot;Fast Money&quot;, it was said they thought copper was reaching a top. A cynical person might think they were trying to aid those who are gathering shorts as once gold and silver has a few down days, some people will start selling their copper before it goes down also. </p><p><br /></p><p>Commodities can suffer the same hype and mass followings that certain stocks can and have, but&nbsp; if a trader can see factors that imply continual demand ( after the shorts have made their money), then they should accumulate during the down trend. If they do not, or it is too scary, then obviously they should move to the sidelines and consider selling down. Use common sense. It will be an interesting time for a week or so I am sure <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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