Apologies for anyone who missed the report being published earlier this week. I did publish the report on the forum pages. And indeed I let a contract go on silver myself earlier in the week due to the struggle we are having on multiple correlated industrial instruments here. The supports should be noted in the German team’s report as things are progressing a little to the downside here.

BullionWeeklyTechnicals22012013

I also include the SC Private Bank’s 2013 outlook here below. Again this was published previously in the forum pages.

sc-Outlook 2013_Eng

And finally here the monthly Lipper fund flow data for Dec 12. (Analysis and comment on the forum pages).

lipper 17-01-13

The probabilities are turning on the wider equity markets. We are in the process of forming a near term top it seems from numerous indicators we look at. Its too early still to go out right bearish and especially given the generally bullish fundamentals but it is a good area to start taking trading profits, would be my call here following the outstanding run we have had over the last few months. The pound remains a great concern for uk gbp asset holders. We are at key supports vs the major pound pairs. I’m expecting a reasonable bounce for the pound, at the very least. Much more comment on these pound issues in the fx trading pages on the forum.

Have a great weekend all

Rich

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