Thursday, August 7, 2014

2 Precious-Metal Must-Sees

Do you believe in cycles? Many people use them in trading. I think gold is in a virtuous cycle now, and that's partly why I think it's going to $1,430 by the end of next month.

And for those who cringe about making predictions: Remember the phrase, "strong convictions, loosely held." In other words, nothing is set in stone.

Meanwhile, I don't follow any particular silver cycles. Silver is gold on steroids, right? It will just over-do whatever move gold makes. So who cares about silver cycles?

Well, one guy cares, and he is watching a 36-month silver cycle.

That's from @Gann360, a technical analyst I follow on Twitter. 

Does it mean anything? I don't know. It is interesting to look at, though.

Now, that's one thing. The other thing is that the great folks at Visual Capitalist have put together one of their nifty infographics (again). This one is about "What the IRS needs to know when you buy and sell gold & silver".

You can see this in full-size glory at

1 comment:

  1. Precious Metals updates for today include the Gold trading range as 28116 to 28428.