Gold, silver, and oil put in pretty spectacular reversals today from Friday Noon. Let’s take a look.
Gold 60-Minute Chart
Silver 60-Minute Chart
Brent Crude
Gold, Silver, Crude
click on any chart for sharper image
Prices approximate as of 2:40 PM Central.
Is the Bottom In?
These are enormous 1-day swings. Coupled with previous action, it’s likely gold and silver have hit at least a short-term bottom, and likely much longer.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com