Short Term Resistance and Support Lines Are Converging

Oges: As gold starts going to the upside, that's going to be a verification for silver to start cranking up its engine and moving up as well. "I will be a major accumulator at that level," he says of 18 50-19 dollars. Oges: Oil is generally a lagging indicator, or ye, it's a lagged indicator of an economic rotation. The stock market in the great recession topped out in late two thousand and seven years. And oil collapsed from a hundred and forty five dollars down to 33 by the same point once it was clear that we were in a major economy collapse.