At the moment it seems that the supply deficit in silver has people focused on getting a hold of as much physical silver as possible. With paper prices of silver at four and half year lows, it will be interesting to see how the price reacts to a lack of physical silver
The Fed stimulus helped push the S&P 500 up as much as 153% from its March 2009 low. Will they keep rallying? Let's take a closer look at the charts to find out what the current situation in the general stock market is.
Late Monday-issued EW wave analysis noted that gold closed lower for the fourth straight session on Monday and that daily momentum was pointed “firmly lower” but that hourly momentum was diverging a bit.
After having once again failed at the $1,696 resistance level on Wednesday, gold prices headed lower for a third straight session this morning. In the process, the pivotal 200-day moving average price near the $1,608 level was breached by sellers.