BRIEF END OF WEEK UPDATE (2:00 pm EST)
There have been no major changes in the broad stock market and the crude oil market since Wednesday's blog. The DOW is testing resistance in the 15,540 area and still has not made a new high. Momentum is still mixed bullish and bearish in the DOW.
There have been some significant new bullish developments in the precious metals this week which I will discuss a little more in a blog on Sunday after looking over the charts a bit more. It is looking like a good time to go long again in gold and silver, perhaps as early as this weekend (i.e. before the markets open on Monday), so I may post a trade alert (buy alert) on Sunday's blog.
There have been no major changes in the broad stock market and the crude oil market since Wednesday's blog. The DOW is testing resistance in the 15,540 area and still has not made a new high. Momentum is still mixed bullish and bearish in the DOW.
There have been some significant new bullish developments in the precious metals this week which I will discuss a little more in a blog on Sunday after looking over the charts a bit more. It is looking like a good time to go long again in gold and silver, perhaps as early as this weekend (i.e. before the markets open on Monday), so I may post a trade alert (buy alert) on Sunday's blog.
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