Huge Oil, Gold Silver Price Reversals; Is the Bottom In?
Commodities / Commodities Trading Dec 02, 2014 - 10:41 AM GMTBy: Mike_Shedlock
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
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.
By Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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