SILVER

April Review Only – “Silver had a March meltdown, reaching the lowest low, since January 2009. Following a good rebound, the market is now trading sideways. Key Dates – 4/2, 4/8, 4/23, 4/30”

Results – 4/2 was very close in price and one day past the low of the month. 4/8 was a good pullback low. 4/23 was a good high. 4/30 was a very good high. Score – 4 out of 4 good dates = 100%.

GOLD

April Review – “During March, Gold made its high of the month near the 3/9 Full Moon at Perigee, then plunged more than $200, into a mid-month low. From that low, Gold rallied to near its mid-month high, for a wild roller coaster ride. Key Dates – 4/8, 4/23”

Results – 4/8 was a good pullback low. 4/23 was a good high. Score – 2 out of 2 good dates = 100%.

May Update – The Gold chart looks like Gold is coming to an inflexion point or apex for a wedge or triangle pattern. Whichever way it breaks out, it should be soon, and should generate a substantial move.

Key Dates – 5/5, 5/7, 5/11, 5/22

This is an excerpt from the Astro Trend newsletter. Astro-Trend covers about thirty futures related markets including the major Financial Markets, such as the Stock Market, T-Bonds, Currencies, and most major commodities. We also offer intra day data which identifies potential change in trend points to the minute.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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