Well another historical moment in the metals market. Gold breaks above the psychological level of $1500 for the first ever. It happen just after 2am on April 20th, 2011. Where does it go next? Everyone seems to agree a correction is in order which could mean that the contrarian view of a continued push to say $1600 maybe in the cards. We will see how the North American markets react to gold around the $1500 mark. One thing is for certain increased volatility is expected to continue as shakeouts and false break outs grip the metal markets. How high is two high? That is a good question.
Below is a live chart of silver:
No comments:
Post a Comment