Gold & Silver Today

[edit] okay now they are flirting with abnormal

I know it sounds weird on a day when gold bugs are being scattered back down Hamburger Hill, but gold (GLD) is still normal by its daily chart.  Sorry, but at 2:17 ET on Monday (of Fed week no less) it’s chart is still normal.  Indeed, I had been expecting a touch of the lower channel line at least.

gld

As for silver (SLV), it is still normal as well.

slv

Gold stocks are a different story.  The charts generally stink.  They may be indicating a breakdown to come for gold and silver or they may just be getting hammered by people putting a tax loss (!) on them.

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