Friday, 6 January 2012

Yesterday we mentioned splendid momentum in Silver

Yesterday, we mentioned a splendid momentum to follow in silver.
Silver MCX, after making a low of 51861 zoomed back to 52850 in the late hours.

What now?
Well, it's nothing new. We have seen this in Silver earlier.
Short-sellers, be cautious an Army preparing for massacre.



keep in mind 51400 and 53200.


Gold Comex is about to test the 200 DMA which is $1631. Today, it can touch $1651.$1605 is important support for Gold.

The goof on the street is "LINE KA SAUDA in Gold". 
I courteously asked one of my friend about this Line Ka sauda and he replied, "Keep an eye on 15M candle. The moment, you catch a crack or spurt, throw the trades on street."
I asked "and where the hell line is in this case?" and he said "TELEPHONE LINE re".


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