Technical Analysis Versus News
For years, there has been anargument about technical analysis -- whether or not it works for gold and silver.Many believe that the metals are manipulated, and technical analysis does notwork on gold and silver.
The facts are simple. Technicalanalysis always works, giving traders and investors a leg up on those who tryto play the news and fundamentals. They may not always be right, but theyalways give the individual the best entry on either side of the market.
The technicals in the metalssuggest that the next big moves are higher. Many feel that the dollar andinterest rates may put pressure on the metals. Correlations may work over thelong haul, but entries and exits should be based on the technicals because theyindicate the money flow. The lows should be in and the metals are ready to gohigher.
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