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Weekly Bullion Technical Comments – Gold & Silver Near Term Correction, Medium Term Neutral..

by prestonni on Sep 27, 2012 • 12:37 am

The German team remain bearish the precious metals.With targets of 1690 or so for Gold and 32.5 or so for Silver.

I’m struggling to understand the detail of their call though as the only evidence provided is bearish price divergence to RSI. The RSI is one of the weakest price indicators and should be used with extreme caution.

The price evidence thus far continues to show much support at these price levels. I’m out of time here but will post on the precious metals and their miners on the forum pages.

Without more comment their report here..

BullionWktech-24092012

All the best

Rich

(4 votes, average: 5.00 out of 5)

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Weekly Bullion Technical Comments – Gold & Silver Near Term Correction, Medium Term Neutral..

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