A pretty bearish report with no change to the sell the bounces view. A likely top for gold and tactical lows for equities coming end sept. Asian in process of making ‘final leg down’ before rejoining secular bull. Re Asia – “In the next 2 to 3 weeks we would prepare to start buying into further weakness or a potential final shakeout/capitulation”.
As always, take these technical views with a pinch of salt. News events can change things very quickly.. Having said this the UBS pair have done a good job in calling these levels and timings thus far. Their levels/methodology is pretty sound.
Rich
(5 votes, average: 5.00 out of 5)
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