Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Monday, May 14, 2007

Monday Is Chart Day

If silver doesn’t follow gold higher, that would tell me that investors are pricing in a recession. Why? Because Silver is an industrial metal along with being a precious metal.

Normally, I include an oil chart, but I thought it was important to look at natural gas. It seems to have put in a multi-year double bottom and is coiling up for a breakout.

Check out my new gold and energy blog at