Stock and Precious Metal Charts At the End of Day – Silver Cup and Handle

April 20, 2016

Stocks were mixed today on weaker than expected home sales and some poor reports from finance and the tech sector.

The US dollar turned lower, and gold and silver ‘popped’ in a two step rally. Gold stands a little over 1250 and silver is hanging on to the 17 handle.

Today is the NY primary for President.

The Bucket Shop was relatively quiet yesterday with a few gold deliveries, and a bit of a build in the deliverable gold in the warehouses over the past week, back up over 550,000 ounces.

Silver is shining a bit, and on the weekly chart below has ‘set’ a cup and handle formation.

Continue Reading at JessesCrossroadsCafe.Blogspot.ca…

Financial Survival Network (FSN) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. FSN content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. FSN does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by FSN. Readers are cautioned not to rely solely on FSN content for investment decisions.

FSN and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. FSN is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. FSN does not charge its viewers/listeners/readers any fees. By accessing FSN content, users agree that FSN and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided.