Greetings!,

The Memorial Day holiday on Monday in the United States presents us with a much-needed breather from what was a very volatile week in precious metals.

Gold and silver gained substantial ground on Monday only to give it back on Tuesday. However, today saw a solid gain, much of which was based on investors' desire to diversify their holdings, which have been getting U.S. dollar heavy.   

At the end of the shortened trading week coming up in the U.S. we will be looking closely at key economic data that will be released. Hopefully, the information will give some clearer signals as to the direction of the precious metals markets. The U.S. jobs report will be the most significant economic data available until the minutes are issued from the next FOMC meeting in June.

As always, wish you good trading,

       Today's video 

 Subscribers

Log-in

Proper Action

 GOLD & SILVER :  

No position 

 long

MARKET FORECAST

Gary S. Wagner

Gold & Silver: on a technical basis today's video will look at two different types of analysis, one in gold, one in silver, each pointing to the potential of a possible bottom and higher prices in the precious metals markets next week. In gold we will look at a standard technical Western pattern. In silver we will look at a candlestick pattern that developed over the last three days of trading.

 

Gold Chart

SILVER Chart:

Copyright (c) 2009 - 2012 Wagner Financial Group