Re: So what's with GOLD & SILVER?/O.T.D. *PIC*
Well here's the Dec Gold chart once again. And typically resistance continues to be resistance at $1800. Huge loss of momentum with negative divergences on both of them as well. On the bright side price is still riding its rising 20ema so no price breakdown 'yet'. But with DX backing off resistance it is not a good sign to see Gold and Silver flat as that does show a lot of weakness in both of the metals. October tends to be historically an extreme month for price action with prices plunging and then reversing once again in many markets. No guarantee it will occur again but once Oct is out of the way a more 'normal' market should be expected even in this headline driven environment. Meanwhile perhaps buying Option Strangles on everything would be the answer.