Sunday, May 29, 2011

A Golden Buying Opportunity

This latest pullback in the commodities space has presented long-term bulls and inflationists with a terrific buying opportunity in the inflation hedge are.
Indeed, Silver looks to have put in a base and is now challenging resistance at $37.50. If we can break that level with conviction we’re off the to the races again.
The picture is even rosier for Gold which not only held its trendline (and the first line of support) but has bow broken out of a triangle pattern to the upside: a move that predicts a re-test of the highs

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