The Gold Future Trading and Silver Future Trading Price Has Not Been Broken

The Gold Future Trading and Silver Future Trading Price Has Not Been Broken

Future Gold Trading Price Close Today : 940.30
Change: -3.00 or -0.3%

Future Silver Trading Price Close Today : 13.876
Change: -0.5 cents or 0.0%

Future Trading Platinum Price Close Today: 1,239.00
Change: -3.50 or -0.3%

Future Trading Palladium Price Close Today: 274.30
Change: 0.80 or 0.3%


Future Trading Gold Silver Ratio Today: 67.76
Change: -0.192 or -0.3%

Dow Industrial: 9,350.05
Change: 70.89 or 0.8%

US Dollar Index: 78.36
Change: -0.14 or -0.2%

Since Monday's low at $930 the Future Trading GOLD PRICE has been locked in an uptrend. Today it dropped at the open, then built a tight even-sided triangle with a high at $942.90 and a low at $938. Think of a triangle as a coil being compressed. When at last it springs out, it jumps a long way. But the further out into the triangle's nose it trades, the weaker the final breakout will be, i.e., the less distance it will run -- usually.

Future Gold today reached an equilibrium at $940. Equilibria are high tension states that don't last long.Future Trading Gold may not rise right away, but it certainly has not been broken, and, now I believe, won't break.

The Future Trading Silver Price last two trading days closely resemble gold's: uptrend from Wednesday, drop on opening, then trading sidewise to upward in a tight, narrow triangle.Future Trading Silver triangle looks like a flat topped rising triangle, which usually breaks out upwards.

The US DOLLAR INDEX looked sicker still today. It closed at 78.358, down 14.3 basis points, with a high of 78.667 and a low of 78.299. Most of the day it traded in a 20 basis point range, 78.40 - 78.60. The Dollar just rolled over in a hump from yesterday and melted downhill. Twill surprise me if the dollar doesn't fall through 78.33 support tomorrow and make a long step on its journey to 74.

STOCKS are reaching for 9,400 again, at which point the correction will kick back in and take them lower. Dow today closed up 70.89 at 9,350.05. The S&P jumped over the magical 1,000 point to close at 1,007.37, up 10.91.

I went to the charts today expecting little, but looking at the dollar,Future Trading gold, and Future Trading silver, I believe this week has answered my questions. The scrofulous dollar has shot its wad, and LO!no bullet was there. Future Trading Silver and Future Trading gold prices have been bloodied, but return unbeaten.

Now the market may hand me my head on a platter tomorrow, I well know, but what I see is what I see.