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Markets / PMs

UBS Calls End of Cyclical Bull Market.. (Just released)..

by prestonni on Jul 19, 2011 • 6:51 pm

Just released on the wires a very interesting UBS technical call on these markets.

UBS calling a market top here, near term. May reach 1370 sp500 but this would most likely represent the top and end of the 2009 to 2011 cyclical bull market and the start of the cyclical bear market according to UBS. Downside target 1193 sp500. This is would represent quite a pull back.

Conversely they predict a new breakout for gold with 1700 in line of sight. They also, interestingly, predict a new all time high for the HUI. (unhedged pm miners index). Enjoy..

UBS-Technical-Weekly-Comment-19-07

Rich

(4 votes, average: 5.00 out of 5)

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UBS Calls End of Cyclical Bull Market.. (Just released)..

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