Roger Wiegand at Kitco commentary writes about the calendar gold cycle (link). Unfortunately, once these kind of cycles become studied and documented they start to distort as traders jump in ahead and bail out early. Wiegand says late December thru March is one bullish time, and August to Thanksgiving is another. If he is accurate, gold may take some time to digest the gains.
Support often becomes resistance and vice-versa. Silver breaking above $10 may mean that price becomes support. Chart looks extended, in particular the 6-month and 1-year charts
Big news late Friday for RIMM (Research in Motion) settling their dispute over patents. Stock trading in a narrow range for the day.
Resorts/casinos and Telecom among industry leader groups on takeover/divestiture news.
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