Mover Mike

You read it right, gold is currently trading at $858.40. George Ure at Urban Survival has a thought:

If you ever wondered about questionable tactics of naked short selling hammering the gold market, I think we have at least empirical evidence today because within an hour of the SEC press release announcing the outright (re-) banning of naked short-selling, the price of gold has popped up more than $40.

Speaking of Gold, how did Trading the Triangles work for Gold. Commodities are followed for trend on a weekly basis and Daily for timing. Today, the Weekly chart signaled a buy at $844.08, but if you were short since the sell signal at $912.50, you would have received a buy to cover at $783.70. Not bad! Not bad at all!

You can find more about Trading the Triangles by clicking the button above.

Let’s take a look at Silver. You would have shorted Silver, using the weekly chart of Trading the Triangles, at $17.29 and while the weekly, so far today, shows no change in the position, the Daily chart which is used for timing, signaled a cover yesterday at $10.94. Silver is currently at $11.46.

Tags: Investing, Precious Metals, The War //
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