Here is a look at why the gold and silver markets may surprise traders on Monday.
Gold & Silver Update
December 22 (King World News) – Ole Hansen, Head of Commodity Trading at Saxo Bank: “Gold (+22k to 219k) and silver (+6.6k to 37k) longs expanded last week but overall the totals stayed within the range seen these past two months of sideways trading (see below).
Managed Money Increased Bets On Gold 10+% This Week
Money Money Increased Bets On Silver More Than 20% This Week
Gold Ready To Breakout?
Graddhy out of Sweden: “It spent the day right below/on my blue resistance line but during the last minute, literally, it made a strong move and with that it broke out yesterday, using closing prices. Looking for my recognition candle, maybe we will see a gap up Sunday/Monday. (See below).
Gold (And Silver) May Surprise Traders On Monday By Gapping Higher
To listen to Egon von Greyerz’s powerful KWN audio interview CLICK HERE OR ON THE IMAGE BELOW.
Alasdair Macleod On Gold, Silver & US Dollar
READ THIS NEXT! Alasdair Macleod – Gold, Silver And US Dollar Update CLICK HERE TO READ.
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged