Reversal Day In Precious Metals?

January 26, 2018

Here are a few charts on the USD, Gold, Silver and GDX showing the Thursday’s reversals.  One day does not make a trend. However, today Friday is a new trading day. Let’s see what it brings…?

 

 

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Surf City is a pseudonym for a 60-year-old retired Information Technology Executive and Software start-up Entrepreneur living near the beach in California.   He has been an active investor and trader since the mid-1980s. Analytical by nature, his sound investments over the years allowed him to retire at a relatively early age of 55. In addition to the standard Technical Analysis tools of Edwards and Magee, Surf is a disciple of Walter Bressert’s Cycle Methodology and Stan Weinstein’s Stage 4 Market analysis.  Surf combines these skills to develop his unique “Cycle Price Channels.”  Some call them “Surf’s ForkCycles.

The King James Bible mentions gold 417 times. Not once does it mention a paper currency.

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