The USD Trend Line (part 2)
Gold came down real close to its major highly supportive uptrend line. Since I don't expect the dollar to go up from here much, that should be about it for gold to the downside. After all gold had gone up out of its shortest term channel. Something was bound to happen.
Same goes for silver. It came down real close to its major French curve/hyperbolic uptrend line.
In other words, we got a real good correction in gold and silver out of the way real fast. Basically finished business.
The other thing that's immediately bullish for gold and silver is that the shares acted real strong yesterday as the metals were taking big time dives. They acted exactly the opposite of how they have been acting these last few weeks. 2005 should see the opposite, volatility to the upside.
In other words, get crazy. Go against the crowd. Buy *today*.
"To be ignorant of what happened before you were born is to be ever a child."