Saturday, December 31, 2011

Gold/Silver charts to bring in the New Year

Thought I would share some charts to bring in the New Year. Click on each of the charts to enlarge. All charts are weekly.

First for Australian readers here are some AUD Gold and Silver charts, it looks to me like we have a good buying opportunity here (and I have made a couple of Gold and Silver purchases in the last week), although there is still room for some downside here if we head down to the lowest levels of support:

AUD Gold Entering the Buy Zone

CLICK CHART TO ENLARGE

AUD Silver Meets Support
CLICK CHART TO ENLARGE
And finally here is Gold in USD. If the exciting third phase of the precious metals bull market is upon us then it's likely we will see Gold start rising more sharply at some point in 2012.

 USD Gold Ready to Increase Pitch Again
CLICK CHART TO ENLARGE

Have a safe New Years Eve and prosperous New Year!

Thanks for reading, commenting and your support over the past 12 months. I look forward to covering developments in the year to come which in my opinion is going to be an exciting time for the precious metals market.

BB.

 Buy bullion online - quickly, safely and at low prices

3 comments:

  1. Looking good! Many thanks for these charts and for sharing your well researched and thought out opinions on this blog (and for free!).
    I'm not sure if mf global has spooked spec buyers and am worried short term about silver. Long term gold and silver should pay off handsomely! Happy new year!

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  2. No worries Dave. Always happy to share my thoughts, sometimes right, sometimes wrong with the short term action :)

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  3. Hey Bullion Baron,

    A very nice site and yes the gold chart looks like it's set to test major support. I think it's best to wait for confirmation but it does look like the support will hold.

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