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iShares Silver Trust Message Board

  • livestrong1003 livestrong1003 May 30, 2013 9:44 PM Flag

    Gold is strong

    Gold chart looks good. Near $100 bounce off of low. MACD is strong on daily chart.
    With China buying gold and silver mines around the world, metals extremely oversold, and small speculators net short, metals are likely to make their quiet rally.
    While the US is selling their assets, China, Russia, India, and others are taking it all in
    Gold is carving out a pattern similar to last summer.
    It looks as if the lows are in.

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    • What will shock the metals market?
      If China decides to back their currency with gold. They would cause the metals market to erupt.
      Why else is China accumulating so much gold and silver.
      Accumulate low, buy the miners, then announce your intentions.

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