GOLD – the trade up from 1330 on the way to 1447.
trade pressures are up and extended.
the time pressures have turned down today.
1365 will signal a new move down.
SLW has a 42.37 upside target.
as expected, the trade pressures are fully extended and entering the downward time pressures.
[update: 12/7/10. traded to 42.34 and then down for an outside day. 35.67 is downside target]
COPPER – still in the trade up to 4.05, then 4.15 becomes active.
3.93 will signal a move down to 3.66