Next week is shaping up to be significant for the short term charts. Can gold get through 1555 and break out of its summer range? Can silver break 37 and then 37.50 and head off to tackle the last line of EE defense at 39.50? Can crude build a new base above 96 and get ready to make a move at 101? I suspect we'll have most of our answers by next Friday.
Here are you charts:
Here are a few things to help you kill some time as we wait for tomorrow at 6:00 EDT. First, I don't know how many of you saw this is the comments of yesterday's blog but this is simply fantastic:
Jim Willie has written a very interesting piece. Please take time to read it.
Trader Dan doesn't post as often as he used to but you need to keep checking his site or your liable to miss some very important information:
I found this link on Drudge. It's 5-6 minutes of silliness. By the way, there was some political "debate" in the comments yesterday. I hope that, by now, we all understand that it is both parties --- The Republocrats --- that have gotten us into this mess. Blaming one over the other is a complete waste of time.
This article needs no introduction. I think you can draw your own conclusions:
Lastly, you know how much I like patterns so you shouldn't be surprised that this got my attention:
That's it for now. Have a great weekend!! TF