An unmemorable week for Memorial Day.

Posted on May 29, 2011 by in Letters

The silver and gold markets appear to have stabilized and to be buyable.  We’re not wild about the abg-z pattern, but such as it is it seems positive for reestablishing positions -- or even for adding on.  The reason we’re not wild about it is the weakness of the beta wavelet, and the resulting sharply angled downtrend line.

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