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Premium Update
December 14, 2012, 10:03 AMIn this Premium Update, we've connected the dots for you between bullish news for gold and two important announcements that Fed made this week.
In the technical portion, we:
- Examine the response of metals to the Dollar's recent price action
- Look for the confirmation of the breakout above the flag pattern in Euro
- Estimate the possible volatility of gold and silver in the near future
- Reveal two price targets (for silver) that are supported by an upcoming cyclical turning point
- Examine the Global X Silver Miners chart for a possible breakdown below the declining resistance line, accompanied by a signal from the MACD indicator
- Look into the volume levels of the gold miners sector for signs of continuation of the recent rally.
The questions answered include the fall in the purchasing power of the US Dollar, holding ETF's vs. physical gold, and the (in)security associated with ETF's.
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