muses of the moment

May 8, 2012

Gold and silver

Filed under: Gold and Silver Investing, Precious metals — Tags: — totallygroovygirlfriday @ 10:28 am

Click here for Jesse’s gold and silver charts from yesterday. Gold and silver is still coiling and even this morning, still is within the triangle.

Gold and silver are slammed every morning, but recover in the afternoon. This is a different tactic from slamming the metals 30 minutes before the US close. Take note of this change if you are looking for a low daily buy, but only to buy physical gold and silver to hold long-term.

GG is buying some physical silver to hold long-term, but not a lot. The situation in Europe and Japan is very unstable, there is still a possibility that everything could break down (markets, credit, commodities, gold and silver, as everyone sells everything to cover losses.) If a breakdown should occur, it would be another buying opportunity.

If you are day-trading, trade at your own risk. GG is not day trading anymore.

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