by Bill Downey     Price Analysis of Gold and Silver

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Technical Analysis Trading Gold, Trading Silver/ analysis By Bill Downey providing key turning points & charts for investors and speculators in Precious Metals Trading, and Precious Metals Markets

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Bill Downey, of Gold Trends.net, LLC, is an Independent Investment Analyst with over twenty years of study. YOU SHOULD NOT TAKE ANY MATERIAL posted on this WEBSITE AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. The author intends to portray his thoughts and ideas on the subject which may s be used as a tool for the reader. GoldTrends does not accept responsibility for being incorrect in its speculations on market trend or key turning points that it may discuss since they are at best a calculated analysis based on historical price observations.

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Identifying the Optimal Turning Points and

Trends of the Precious Metals Market

 

The 21st Century Gold Bull Market

 

Gold first resistance on Friday is the 1585-1592 area and key support 1550-1560................


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The FREE Daily Blog

Updated May 16 2012

The Gold Stocks continue to collapse. 

Will the FOMC minutes due out tomorrow provide support for this market? 

it was another day of losses in metals and equities as the Greek government was unable to come to terms and another election will have to take place.  The anti-austerity party is leading the polls and the angst continues to plague the markets.  In France, the newly elected socialist government is causing ripples in the market as well.  The issue of course is that the agreed upon budget cuts of not so long ago are coming apart at the seams as a new government appears just about every month in Europe.  Add to it the slowing global economy and the view continues lower.  The HUI index continues to lead the way down just as in 2008.  It sits at an important trend line. If it slices through it the next stop is 325.       Read more...


Hui weekly Prce chart with long term support and resistance channel lines


 




 


               


 
 

Technical Analysis :: Gold & Silver

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