Weekly Bullion Technical Comments – Bullish Outlook for the Precious Metal Complex
by on Sep 6, 2012 •The German team have thrown in the towel and have now turned bullish on the precious metals ‘pms’. They did so with great fan fair but their medium term model seems to have been over turned right across the precious metal complex. I’ll leave the detail of their report to them to explain. I’m personally...
Weekly Bullion Technical Comments – Neutral Stance But Breaks of $1606 and $1700 Will Show The Way.
by on Aug 30, 2012 •The German team stick to their preference for the medium term bearish trend to resume soon enough but they remain officially neutral open to both a northward and southward breaks of key levels. Their short term call is a mild retracement of the recent bullish moves. Like everyone else they are fence sitting here and...
Weekly Bullion Technical Comments – “Medium Term Outlook Neutralized”
by on Aug 23, 2012 •The German team are shifting their technical stance but are not willing to go bullish yet. Below 1700 US$ gold price they remain of the view that this move could simply be a false rally and the whole move could reverse in the next two weeks especially as we are still in Aug. A move...
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Weekly Technical Comments – “A Break of 1422 Opens The Door to 1470”
by on Aug 21, 2012 •This week’s report from the Swiss team follows on from last week’s whereby they are shifting their medium term technical projections towards a bullish scenario. They have moved back their timeline to mid end Sept for a correction. They now expect 1422 to be broken to the upside in the near term. They state an...
Weekly Bullion Technical Comments – “Below 1623 to 1648 Bearish & Above 1674 Bullish”
by on Aug 15, 2012 •The German team re-affirm their bearish analysis of last week. They remain wedded to the view that gold will see a swift decline by the end of August. A break of the long term uptrend line at 1572 currently must be achieved to provide momentum to the move. They repeat the 1325 target with 1299...
Weekly Technical Comments – “S&P Overbought but Rotation Positive”
by on Aug 14, 2012 •The Swiss team have stepped back from their 1200 spx target for later this year. Near term they expect a pull back due to over bought conditions. On the medium term they continue to expect a more significant correction in the indexes of 5 to 8%. The recent sector rotation is a positive signal though...
Weekly Bullion Technical Comments – “Range Before Decline to 1325 Target”
by on Aug 10, 2012 •Ive been following these guys for the last few months on the bullion or precious metals. Credit where it is due. The German bullion team have done a good job over the last few months and so i’ll be posting their weekly technical view of the bullion markets, for a trial period at first to...
Economic Data Review & Greenlight Capital Q2 Letter
by on Aug 9, 2012 •We remain at the cross roads and to steal the line from UBS a “make or break” moment in world asset markets. So lets use the time to reconsider where we are fundamentally here. In my view the fundamentals are finally in line with the techncials albeut at a higher nominal level than i would...
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Weekly Technical Comments – “Make or Break”
by on Aug 7, 2012 •As I suspected the Swiss team are very much where they were a week ago. Insufficient levels have really be broken here. This should come as no surprise until one of the major central banks takes meaningful monetary action. The technicals are confirming the fundamentals of where we are at present. Its a case of...
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Weekly Technical Comments – Markets on a “Knife Edge”
by on Jul 31, 2012 •As we sit here waiting for central action, or not, technical indicators are demonstrating significant moves in either direction. The Swiss team are using the “make or break” term here and now. I’ll leave all the detail on levels and various asset classes to the report. They do an excellent job of summing up things...
Weekly Technical Comments – “Bounce Remains Intact 1325 Key”
by on Jul 24, 2012 •The Swiss team publish another excellent report. We all know the key levels by now by heart. Of note the AAII bullish consensus at contrarian levels. Interestingly, they also note the euro bounce possibility but ref the low volatility in the pair eurusd. I second this although this is in great fault down to the...
No Comment – Chart of the Week (& Reports)
by on Jul 20, 2012 •P.S. A useful set of economic charts care of WF: WF-GlobalChartbook-july12 P.P.S. And something a little ‘special’ for you all came across my desk a few days ago. Along the lines of “if you cant beat join them” me thinks. ROTH-Q312