There is an old saying on Wall Street that says: From failed moves comes big moves. Due to the higher risk this situtation now presents I chose to sidestep the precious metals for now.
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Friday, March 25, 2011
Precious Metals Failed Breakout
The breakout in precious metals failed. Failed breakouts occur when an investment breaks through previous resistance, giving the signal that higher prices lie ahead, and then stages an abrupt reversal.
There is an old saying on Wall Street that says: From failed moves comes big moves. Due to the higher risk this situtation now presents I chose to sidestep the precious metals for now.
There is an old saying on Wall Street that says: From failed moves comes big moves. Due to the higher risk this situtation now presents I chose to sidestep the precious metals for now.
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