Friday smackdown ?

edmundfitzgerald

I'm guessing gold gets a $35 haircut, and silver gets a $3 haircut.

What say you ?

Meltdown

I think the $50 barrier has got to be a strong number of resistance.
I would bet on a $1.75 correction, but I don't think it will fall $3.

derryb

The bad guys will have to give in........again, just hang in there.

Wingsrule

I don't know, Fridays of late have generally been good for Ag.

chumley

$49.08 for a close

goingbroke

$51.22 close

akuracy503

Interesting to say that is your hunch considering how Friday's have been the day of very strong closings and or new all time high's.
I believe it was 8 weeks in a row that Fridays have closed on the upside, last week was a holiday (Good Friday).

What makes this Friday different, Volumes have been very high on the ETF's

gsa1fan

All PM's will be in green @ close 4-29-2011. After all there is a royal wedding

roadrunner

Gold seems to be staging for the $1540-$1550 so I don't see any smackdown coming with that.

Silver probably won't either. Seems to be headed to $51-$54 right now over the next week or so.

Last Tuesday's and early Wed were the smackdowns to buy on.

roadrunner

mkman123

I say 49.21 for slv tomorrow and gold at 1528.45

pitboss

I think gold will briefly break $50 tomorrow and then settle down to close around $49.75 for the weekend.

OzzyAndy

I think it will roughly hold above the $48 it's been roughly for the last 24 hours. And it won't break $50. Presuming the Royal wedding goes fine.

jmski52

I'd be inclined to think that smackdowns don't matter too much for the duration. Nothing has changed.

JCMhouston

No haircut so far (9:28 AM EST)

roadrunner

Comex Silver margins increaesed by 13%. Takes effects after today's trading.

roadrunner

derryb

OPA convinced them to keep it below $50.

Watch what happens every time it gets close.