http://www.kitco.com/reports/KitcoNewsMarketNuggets20110218.html
18 February 2011, 7:43 a.m.
By Kitco News
http://www.kitco.com/
(Kitco News) -- Gold has generated upward technical-chart momentum, analysts say. “Yesterday’s trade in gold saw confirmation of Wednesday’s marginal breakout above the 50-day (moving average), while (Comex March) silver broke out above the Jan 3rd high at $31.275,” says MF Global. “Markets typically follow through with such breakouts before falling back to retest them within 1-2 weeks.” Barclays looks for $1,400 gold in the not-too-distant future. “Above the latter would confirm our bullish view for gold and signal extension through the $1,432 all-time high,” Barclays says. “Our targets are in the $1,460/$1,485 area.” Barclays technicians look for spot silver to continue outperforming gold and are encouraged by the break above the $31.26 high, putting their next targets at $33 and $37. “The gold/silver mint ratio is on course to reach our initial target in the 41 area,” Barclays says.
By Allen Sykora of Kitco News; asykora@kitco.com
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Click HERE for more real-time ADVANCED CHARTS and see the bottom of this page for more real time price updates.
