Gold and Silver Parabolics - Part II
The TSI Trader Blog
As you will discover from the charts and information in this article, the previous three gold and silver parabolics (2004, 2006 and 2008) had a common characteristic. Each exhibited a midpoint consolidation - a resting place that separated the character of the first half and second half of the parabolic move. This observation is particularly relevant at this time, as both gold and silver have presently completed this midpoint consolidation and are already on their way to concluding the 2011 parabolic.
Let's begin with the previous parabolics in gold and silver and work our way towards the current situation. At the conclusion I will show you what I think is likely to power the 2011 parabolics to completion.
Click here to continue for 2004-2011 TA on Silver/Gold MUST READ
You know how to thank me ;)