Metals Ready To Resume Decline

Posted: under Commodities, Predictions.
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Silver SLV and gold GLD are both lining up for at least a short term high tomorrow May 26th, 2011.
The gold rally looks like a textbook zigzag correction of the decline since the high. The rally in silver looks less complete having not yet retraced as far as the previous fourth wave high near 38. The silver rally might only be wave A of the upward correction.

Silver – SLV

Spiral Calendar Clusters For Silver (SLV) As Of May 25th, 2011

Spiral Calendar Clusters For Silver (SLV) As Of May 25th, 2011 – click to enlarge

Gold – GLD

Spiral Calendar Clusters For Gold (GLD) As Of May 25th, 2011

Spiral Calendar Clusters For Gold (GLD) As Of May 25th, 2011 – click to enlarge

Comments (3) May 25 2011