NFTRH Update, Precious Metals

Well I am back already… :-) with a couple different views within the precious metals complex today.  First, I added some Fib retrace lines to the 5 minute chart shown earlier.  The 62% Fib off of the ‘take a poke’ buy zone only adds emphasis to the shaded support area.

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NFTRH Update, General Notes

Today Jeremy Stein (Fed member) lobbed his .02 into the media with talk about a ‘mechanical taper’ tied to economic data.  He joins James Bullard who was out the very day after FOMC’s non-Taper talking about a possible October taper.

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