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Gold Sideways On Light Volume

aliciawitta Wrote: Nov 22, 2012 12:03 PM

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Gold Sideways On Light Volume

It’s amusing to read market pundits going on about chart consolidation and technicals on days that traders have skipped out early so they can head for grandma’s house for the holidays.

Gold is up $0.34 to $1,726.64 and silver is down $0.09 to $33.03, for a silver/gold ratio of 52.2.

Prices are cycling all over this morning on mostly sideways trading. Trying to chart technicals on days like today is pretty much useless and prices are high enough to discourage any last minute buying before the holidays. I expect prices...