Gold & silver are breaking-out this Friday morning. Here’s why, and here’s what technical level to watch…
Gold & silver are on the move this Friday morning:
It could be shaping up to be an interesting day, with plenty of trading day left.
Therefore, what could be happening, and what “technical” levels should we be watching out for?
Re-visiting what I wrote on Monday sums it up the best:
We’ve blown through that level!
All we need is a 2% move on the week, and silver’s well over it, but I’d really like to see gold moving more.
If you missed our live-stream on Wednesday, we discussed the coming rush into gold, so it might be a good time to revisit that show.
Part 1 here:
Bottom line as we find ourselves here this beautiful Friday morning?
Gold & silver are on the move with no significant data releases.
Which means, the fundamentals may be coming back.
Fundamentals are what started the rally in June.
They haven’t mattered since September.
But they are starting to matter now.
Too much economic turmoil.
Turmoil in the markets.
And it’s global.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.