vrijdag 25 mei 2012

yen a little up this week and metals a little up.also








As you can see in the charts above the yen was going up again and also the silver price but you look at the bigger picture as you can see in the charts the movement still looks to go down in both charts
So I hope Silver will drop again under the 28 dollar next week as it now does frequently and hopefully stay there at the end of next week , also I hope the yen will go down a little more and break the 79 ..

The problems in Europa are now getting bigger and we can maybe see next week or next month what will happen if a country will leave the euro.. If the price of the metals will continue to rise this will be a inducation that the metals will nog get much cheaper..
also I still expect that there is more space for the yen, yesterday i read that Japan  Tabak toke over a Belgium company , just as I predicted ($500+ mill ) so there are not really problem in Japan and that will make the yen more expensive .

Also a slow drop never goes strait down there are always bump up wards.. so I expect some movement upward but after these tops there will be a bigger fall down .. resulting in a slow path down in the silver prize the next week .

also the movement of silver between the 28.5 and the low 27 look like day traders are making these movement in the market and make use of the volatility of silver. so short term predictions are made now very difficult .

So I many focus on the medium term and thatb trend looks to be down .. but we need to look what happens in europa, will they push the price up or down ?






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