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As mentioned in the weekend report, Gold & Silver have been selling off at a very rapid rate, and I think that they should be due for at least a bounce. I want to take a look at that idea in this report, but first a review of the markets.
The markets don't look bearish, but this possible rising wedge formed by Nov 4.
SPX currently- This does not have to drop too far, it could even go sideways.
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Alex - Chart Freak2015-11-10 13:02:432015-11-10 13:09:05Is A Golden Bounce Coming?From the time of the Fed Meeting to the Jobs report Friday, we have had a lot of action in the markets. Action in the markets is what draws our charts, and we have an interesting mixture of charts to examine this weekend, so lets get to the 36 charts that I have prepared 🙂
Lets start with the $USD WKLY. Nov 4 this looked too legit to quit, but we had to wait for Friday to see if out Dollar break out was real.
$USD - legitimate break out. This could have major implications.
Lets look at the Dollar on a daily basis...
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Alex - Chart Freak2015-11-09 12:32:592015-11-09 12:33:18Interesting MixtureJobs Report, Flying Dollar, Diving Gold. Please dont forget Energy 🙂
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Alex - Chart Freak2015-11-06 17:03:592015-11-06 17:08:57It’s Working
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