Thursday, August 11, 2011

Gold & Silver Updates

Lets see Gold in an hourly chart. It touched $1800 yesterday. Its been making higher highs and higher lows on hourly graph so no issues.

Silver on the other hand has made lower lows and lower highs. One school of thought says that the industrial demand side of the Silver metal will be in question if we go into a recession and hence the correction. But somewhere down the line we would see its monetary status taking the lead hence it would have more correlation with the Gold. 

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