Sunday, February 17, 2013

ITZ Weekend Update: Gold, Silver, & More...

 Subscribe in a reader

Short-term the metals are taking a hit - but the long-term investor is getting some excellent buying opportunities as prices of gold, silver and the miners (ITZ pick Silver Wheaton SLW) selloff . The near term action has been driven primarily by old news from major hedge funds- George Soros and Pimco and then some technical selling.

Charts indicate we could continue on the technical side, but could be reversed depending on what Asian traders do this week, the comments out of the G-20 meeting, the information in the Federal Reserve minutes and any news from congress on the pending March sequester.

ITZ takes a look at several charts this weekend:

For more charts & past posts Click Here

No comments: