Monday, September 26, 2011

GLD/SLV UPDATE

 The Buy the Dip crowd seems to be out in force on the touch on the long term moving average, I would prefer a consolidation along the 150 m.a. before buying and a base, but there seems to be at least a dead at bounce off the 150 in play.

 GLD 1 min

 GLD 5 min

 GLD 10 min

GLD 15 mn

 GLD 30 min
-All positive to varying degrees.

 DGP-Double Long Gold ETF-for confirmation-DGP 1 min

 DGP 5 min

 DGP 15 min

 SLV is moving too, most likely a dead at bounce, but who knows with all the manipulation of the precious metals? SLV 1 min

 SLV 5 min

 SLV 10 min

SLV 15 mn-All positive as well.

These are not my favorite commodities to play due to the immense amount of manipulation from the CME and other sources, but they endear a lot of strong feelings, so I figured I'd update them

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