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Classic UGLY BOTTOM?


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#91 fib_1618

fib_1618

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Posted 29 October 2014 - 04:21 PM

how LOW can she go?
Tell me

From this past weekend's Weekly Breadth Update:

"Over in the precious metals asset class and we see that the price of gold and silver continue to hold up well in the face of money flow continuing to be under heavy pressure as represented in the Precious Metals advance/decline line. In fact, the XAU advance/decline line actually closed on Friday at new 11 year lows. So until we start to see better money flow characteristics in these same A/D lines, metals prices will have a tough time in remaining at these current levels, and once "the bough breaks, the cradle should fall" with a resounding thud."

Fib

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