6th May 2011– Pattern Study - Buy GoLD or SiLVer for this Mom’s Day? Or should I keep my Cash UUP?

Ticker:

 

1. GLD, SLV, UUP

 

Topic:

 

1. Which will be better for this Mother's Day? Gold or Silver?
2. Or should I keep my Cash UUP?
3. This is a FLASH CRASH pattern that is hard to find. Learn this well!

 

Lesson Learnt:

 

1. Good rally in UUP, facing the resistance at its 20MA line now. This will be good for GLD.
2. GLD will be a good buy at $141.00.
3. SLV will be a good buy at $33.00.
4. Be warned! This is going to be a very dangerous game. Play with your own risk and please wear your safety belt.
5. Intraday charts for GLD and SLV has no indication that they are changing path yet.
6. Monitor closely. Don't let him run away again this time.

 

Intraday Chart

Historical Chart