In the gold, you can see how the market is just sort of hanging right here. You can see that you're up $16.80 as we're talking. There is no trend, you came down.
American traders will prefer to be long in gold and silver for the weekend and Monday holiday. There can be very sharp two-way price moves in gold, silver, and copper.
What I do know is gold in a downtrend, the next stopping spot could be the $2013.5 area, which is the 200-day average and the Bollinger Band is waiting for it right there at $2015.5 – so that's your support zone.
If you look at the balance sheets of many of the largest banks, you will see we have a ticking time bomb. We only saw the tip of the iceberg with the recent banking failures.
