You’re up for the month 8.66 percent, and you have the last trading day of the month. Can you get up to 10 percent, maybe? When you take a look at how the chart is going, all the way up on a weekly basis. In order to break the pattern, you’d have to get back under, right over here. That’s quite a ways off from where you’re at in the market. The 18-week average is still not above this $2866 level, that’s that break low by the way. So you’re about 40 points from it, so it’s really not the best supportive area. It is for an area, but it wouldn’t keep the trend up if you got there, and in terms of a break, that’d be a heck of a break at $270 an ounce.
The market has locked on, as you can see, on a weekly basis to the Bollinger Band. We call that the Gorilla Glue Effect.
On a weekly chart, all you keep doing over the past four weeks is, every week has made a higher high week. It’s very difficult to buy into that.
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