Your World In 6 Charts

100
Wed, Mar 28, 2012 - 10:00am

Unfortunately, time is short this morning. However, I promise you a more complete update later today.

For now, these six charts tell the tale. Do not be fearful of the metals here as I am confident that the bottoms are in. They are simply consolidating now, above the bases that have been formed. Give them a few days. I expect a rally by Friday or very early next that will send them back toward 1680-1700 and 33. From there, happy days in April will get gold finally back above 1700 and 1705 where price will begin to accelerate higher, dragging silver along with it.

I've been drawing these bowls (smiles) on these charts for some time now. It's nice to think that the metals would follow the right hand side of the bowl back higher soon, and they might. More likely, however, is a continued, gradual grind higher. Most of you are experienced enough to know now that the metals drop a lot faster than they rise.

Have a fun day. TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  100 Comments

bellyacre
Mar 28, 2012 - 10:05am

FIRST???????

FIRST (NOT). Loved the video last night

Xeno
Mar 28, 2012 - 10:08am

Thurst

Thurst.

Nice bowls there, not too hot, not too cold.

¤
Mar 28, 2012 - 10:11am

Muchos Gracias Senior' TF

Not even sure if I spelled that right but you get the point. Thanks!

This talk coming out of Europe how the crisis is over etc. is an early April Fools joke or what? They can't be serious with a comment like that.

That's MOPE on steroids.

Mudsharkbytes
Mar 28, 2012 - 10:12am

Fifth…

Could use a fifth today.

Really hope the bottom is in on the metals, getting bored with all the sideways action.

Jdawg
Mar 28, 2012 - 10:13am

Sixth

We need to move up now

Xeno
Mar 28, 2012 - 10:16am

Boring

Yeah it's boring. Trouble is just when you think it couldn't get more boring and decide to go eat an apple, boom! the bowl gets lit.

Mudsharkbytes
Mar 28, 2012 - 10:18am

Another first

Geez - roll out of the sack, fire up the laptop, see a new thread and whaddaya know? I think this is something like three 'firsts' for me, not counting the one that was moderated away.

If you want to ignore me over this, so be it.

Strongsidejedi
Mar 28, 2012 - 10:20am

@mudsharkbytes - sideways

We're getting spoiled with all the uptrend over 2009-2012

Silver Meddler
Mar 28, 2012 - 10:21am

Smiley Face

I emailed the gold chart to a few people with the subject "In-Depth Technical Analysis." Thanks for the chuckle.

Xeno
Mar 28, 2012 - 10:28am

Some Call It

On that chart, some call it a downtrend, some call it a flag, some even call it a pennant or a rounding cup bottom. Either way, resolution to determine exactly what it is seems close.

Did I say resolution? sorry.

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