Friday, September 23, 2011

Silver takes a tumble

In just two days, Silver prices have fallen from 65,500 to 56,500 - that's 3 months of gains, gone in 2 days!

Gold has performed much better, and, I remain bullish on Gold. I continue to hold a small position, but, I am in no rush to buy more. Let the yellow metal correct, and then there will be opportunities to go long. In my trading, today, I went short in Gold, then took profits at the target. Chart below:

5 comments:

Shankar said...

hi sir ,

what is the time frame used here?

Shankar said...

what is the time frame ?

brijsolution said...

Gold can tgt 1630-1635

Pi said...

I see you are using a 3 hour chart here.. is that a good time frame to use...

brijsolution said...

My tgt hit today.... now monday i wll buy 50% & more on confirm buy signal