Gold/Silver Index … continuing the thread

here’s the previous Gold/Silver Index posts:

http://bartscharts.com/2013/10/03/gold-silver-index-a-guide-for-the-yellow-brick-road/

so, as you can see the geometry is sure starting to unfold for a “double bottom” type of scenario and then, potentially, higher.  If you read my Gold posts

http://bartscharts.com/2013/09/07/good-as-gold-part-1-of-2/ 

http://bartscharts.com/2013/09/08/good-as-gold-part-2-of-2/

then you’ll see how I’m looking for one more move lower on the Gold to set up a very  nice buying opportunity.  you’ll also see the reason why the levels approaching on the Gold/Silver Index are so key.  Stay tuned on the Gold/Silver index because the level it found support in is KEY .. if we break that to the downside via a daily close below that level, then the index and Gold could certainly take a smash.  stay tuned …

Gold Silver Index double bottom potential?
Gold Silver Index double bottom potential?

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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