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Tuesday, July 11, 2006

Preparation Occurs for Both Gold and Silver

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Preparation is going for both GOLD and Silver currently.
Europe is trying to technically Correct for USA to pick up the Gold and silver upwards and Break the resistance level.

Main even today that could effect USD strength today as well, ECB trichet comments could pressure the Euro and could weaker the USD.
13:30 GMT is the speech.

We do feel now the resistance level to be broken.

However,

13th July is one of the Big Economic Indicator, which everyone should have an Eye at
Initial Jobless Claims
Continuing Claims

19th July we have CPI (this will give Various signal for FED will Hike or no)

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