The W

Last Saturday, I pointed out a development with the prices of silver and gold. Those prices were at the bottom of the second bottom of the letter W. This meant that the prices would start going up from that point. This week, that prediction is proving to be true. Last Saturday, gold was $783.50 and silver was $14.23 per ounce. Today, gold is $794.40 per ounce and silver is $14.34 per ounce. The ride up the last wing of the W is beginning. This ride will likely last about 6 months.

Markets typically follow patterns. This is because that markets are made up of many traders. Traders study charts and recognize these patterns. They then act accordingly and repeat the pattern as they see it developing. When enough traders act and money is moved, it becomes its own self-fulfilling prophecy. That is why trading is both a science and an art. The science is looking at all the charts and data, and understanding what it all means. The art is recognizing the pattern as it is happening and act on it.

On other financial news, the US dollar index has come back up to 76.27. That means that the value of the dollar is gotten a little stronger against the other world currencies. The all time low was 74.50. Oil has retreated slightly to $88.28 off its high of over $98 per barrel. Did you ever notice that the price of gas at the pump goes up almost immediately when oil prices go up? However, when the price of oil goes down, the price at the pump is slow to react. Interesting. Someone is making a lot of money on those slow fluctuations.

All of us who are mature should take such a view of things. And if on some point you think differently, that too God will make clear to you. Only let us live up to what we have already attained. Join with others in following my example, brothers, and take note of those who live according to the pattern we gave you. Philippians 3:15-17 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com