GLD, daily
SLV, daily
Summary
Suffice to say... I believe we have seen some kind of ABC (wave 4?) up from early November... seemingly now complete.
Holding to broader downside targets... as stated endlessly across the last few years.
Thursday 29 January 2015
Post FOMC depression
Precious metals had the worse day in over a month, with downside momentum continuing to build. Gold and Silver settled significantly lower, by -2.1% and -5.7% respectively. Near term outlook is very bearish, with the early Nov' lows set to be taken out by early spring.
GLD, daily
SLV, daily
Summary
Suffice to say... I believe we have seen some kind of ABC (wave 4?) up from early November... seemingly now complete.
Holding to broader downside targets... as stated endlessly across the last few years.
GLD, daily
SLV, daily
Summary
Suffice to say... I believe we have seen some kind of ABC (wave 4?) up from early November... seemingly now complete.
Holding to broader downside targets... as stated endlessly across the last few years.
