Friday Market Review
Sep 19 Gold
Price Tumbled $10.40 to End Comex at $1,215.30 Franklin Sanders
In 2008 and 2009 silver traded out to a triangle. The apex of
that triangle is about where silver traded today (a little higher). It is not
uncommon for markets to trade back to that apex, so mayhap that's what we are
witnessing. Next support below $17.50 is $14.65. The SILVER PRICE has broken to
a new low, but not gold. In June 2013 silver hit $1,179.40, then in December
$1,181.40. That is the most likely goal for this fall, but given how oversold
both silver and gold are, and how overbought the US dollar, gold might also stop
here. Also, gold is punching into its long term uptrend line from 2003, so this
is serious. Silver remains above the analogous uptrend, which today comes in
about $17.40. Good place to stop....
Sep 19 Daily
Report Harvey Organ
Gold closed down 10.40 at $1215.30 (comex to comex closing
time ). Silver was down 64 cents at $17.78. In the access market tonight at 5:15
pm - gold: $1215.30; silver: $17.78. GLD: we lost 7.78 tonnes of gold at the GLD
(inventory now at 776.44 tonnes). SLV: no change in silver inventory/note the
difference between gold and silver. Physical gold that arrives from the Bank of
England is sent down to Shanghai who lately has been receiving greater than 40
tonnes per week with the lower gold prices. In silver, there is no reason to
raid the SLV because there is no physical silver to provide India or China.
Sep 19
Gold And Two Types Of Paper Morris Hubbartt
Super Force Precious Metals Video Analysis
Here are today's videos:
Gold And Two Types Of Paper Charts Analysis
Silver MACD Bullish Actions Charts Analysis
Commodity Assets Fuel Cell Charts Analysis
FXI (Chinese Stock Market ETF) Key Breakout Charts Analysis
GDXJ Is Still The Leader Charts Analysis