11 Quotes by Dale Doelling
- Author Dale Doelling
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Silver, which got butchered because the slope of the daily chart began resembling the angle of a shuttle launch, seems to have found support as it approached the April lows.
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- Author Dale Doelling
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Silver seems to have already entered a period of consolidation, which could lead to silver breaking out to new highs as gold continues to trade within its recent range.
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- Author Dale Doelling
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May copper seems to have its sights set on the $3 mark.
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Gold's $40 range between $540 and $580 may be tough to break anytime soon. The range is just wide enough to put the market in oversold territory at the bottom and overbought at the top.
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- Author Dale Doelling
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With the dollar weakness, we may have seen a great buying opportunity develop in recent sessions.
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There's probably a 50-50 chance that we've entered a consolidation range, similar to what we saw in the September/October period, where gold will trade on either side of $550.
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There's a lot of upside left in the entire metals complex.
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It's looking more and more like the end of the year is going to be a good time for the precious metals complex.
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For now, it looks like the bulls may have caught their breath after last week's sucker punch and they just may have the ability to get silver back on track.
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