GOOD AS GOLDGold and Silver continue to climb and at this moment there is no strong reason to be shorting Gold, Silver is weaker and is a tad different.
Notice on this chart that one momentum oscillator is diverging and one is not. This is typical in trend moves, oscillators constantly telling you to fade the trend. They are merely tools and need to be used selectively. The 930 - 937 area is a significant resistance zone that if cleared could have this market really off and running.
I have to admit I am rooting against this market due to the ridiculous stream of people telling you on the radio that you have to put your money into GOLD. They cannot find a single world event that in their opinion will lead to anything other than a rapid rise in GOLD. It is no small coincidence that these same people happen to sell gold coins. However, they have been right recently.
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There was a question about the WillVal indicator that I let through yet it has disappeared, sorry to the poster who sent it. Basically, the answer to the question of is it known how this is calculated and what input is used is as follows.
Yes it is known how it is calculated, it basically compares to markets to one another with some basic math. I cannot reveal it here because it is Larry Williams proprietary, even though I know the answer. If you surf the web you can probably find it. What is used I can answer, and that is use a market that has a known correlation to the other. For example, if looking at the dollar use Gold. If looking at stocks use Bond futures. These are markets that are known to fundamentally influence one another. If you get the Dollar overvalued against Gold it is likely we have reached a short term high, etc..
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