Two Charts To Watch…

Silver Bullets
  • Question: If An Investor Can't Read Technical Charts... How Can He Decipher What Is Good and What is Bad?
  • Answer: Ask The Silver Surfer!
February 15, 2013 4:24 pm est

Feb 15th 2013 11:30am est

The media appears to be gorging on the 2% drop today in Gold and 11% drop in the last 4 months. Gold’s demise today appears triggered by JPY’s dump at around 8amET – though longer-term, it appears gold and stocks are re-coupling in the reflation trade from around the start of QE2. At $1600, gold is back at August 2012 levels but +134% from the 2008 Lehman ‘event’.

gold 2.15 gold sp 2.15

Courtesy of Zero Hedge