Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Intermediate Gold Chart - 1550 to 1570 For a Range Trade

IMG Auteur
Published : February 17th, 2013
150 words - Reading time : less than a minute
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...


This looks like a long consolidation, with a range trade of 1550 to 1800.

If we do get down as low as 1570 one might be inclined to step in and buy, adding to longer term holdings and for a trade, with an eye to that 1550 as a low and an upside target north of 1700.

I am sure most traders on the Street are seeing/thinking the same thing. So it might take some agility, and scaling in. And of course if too many specs pile on there, the bullion banks will deliver a short term smacking on general principle. That's what they do. It is tough playing against the house, especially when they get to deal your cards face up.

But I will also be keeping an eye on the stock markets, to see if they correlate with the metals, or if not, and how the VIX fares.



Companies Mentionned : Bullion | Metals X |
<< Previous article
Rate : Average :5 (1 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Get Investor Information
Minaurum GoldSilverCrest Mines
Select
& click
Mining Company News
Cypress Development(Ag-Au-Ni)CYP.V
Directors Re-Elected at AGM
CA$ 0.07+0.00%Trend Power :
Nominations
MDN.(Cu-Zn-Au)MDN.TO
Prospecting Work Begin on Prairie Lake
CA$ 0.04+0.00%Trend Power :
Corporate news
Wildcat Silver Corp.(Cu-Zn-Au)WS.TO
Announces Professor Poonam Puri to Join its Board of Directors
CA$ 0.42-1.18%Trend Power :
Nominations
Midland ExplorationMD.V
Expands Its Gold Position on La Peltrie Southeast of Detour Gold High Grade Mineralization
CA$ 0.75+10.29%Trend Power :
Corporate news
MPH Ventures(Ag-Au-Mo)MPS.V
to Invest in Cash-Flowing Travel Media Company Servicing Travelers to Cuba by Signing LOI to
CA$ 0.04+0.00%Trend Power :
Corporate news
Integra Gold(Gems-Ag-Au)ICG.V
Receives Underground Exploration Permits for Triangle Zone, Commences Surface Preparation and
CA$ 0.30+3.39%Trend Power :
Corporate news
MLM(Au-Co-Cu)MLM.AX
Appointment of Chairman
AU$ 0.04-13.46%Trend Power :
Corporate news
IAMGOLD(Ag-Au-Cu)IMG.TO
Westwood mine production continues uninterrupted following a localized fall of ground
CA$ 2.51-0.40%Trend Power :
Exploration and drilling
Golden Minerals(Le-Zn-Au)AUM.TO
Warren Rehn Named President Of Golden Minerals Company
CA$ 0.50+2.04%Trend Power :
Corporate news
IAMGOLD(Ag-Au-Cu)IMG.TO
Rockfall traps nine miners in IAMGOLD mine in Quebec
CA$ 2.51-0.40%Trend Power :
Exploration and drilling
Comments closed