Comments for October 27, 2009

LOOKING AHEAD TO TUESDAY BY REFLECTING BACK ON MONDAY'S ACTION

Focus today on Metals: A Buy Signal for Platinum, but Silver and Gold ??????

METALS: 10/27/09 Lower closes Monday for copper, gold, silver and platinum. Silver, gold and platinum all broke out of their bear triangles in the wrong direction with the former two metals giving me SELL SIGNALS while platinum was hurt by today's action. I must point out though, that similar gold and silver patterns in August and September previously led to new highs and the silver is at the beginning of a support area at this time.

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