Gold $1764.00 OFF $11.50

Silver $33.68 OFF $0.30

It's apparent that with increased shorting of gold as it worked towards the $1800 area, sooner or later prices might stall. Gold strength in the past weeks has seen a plus 12 reached on Joseph Granville's "up-field down-field strength indicator." It would appear, for the metal to take a normal restful period that a 5 or 6 number is the expected count in this down-field which will be beginning with an off-day today. If tomorrow is off, as is anticipated, it will be a count of 2. Three plus days without any more down counts will establish a new up-field. The longer the congestion area before a new down-field eventually begins the more strength the new down-field can have in counts. The most extreme counts for sell-offs has been a number of 7 in recent months. http://www.stockcharts.com/h-sc/ui?s=%24gold