This is a duplication of what I posted on Fib's post, I think the information deserves its own post, Gold and Silver will probably go down into 2014 longer term base on my oscillator's projections but for now it is looking oversold, yes it could go a little lower now but it is showing support and divergence on the internals, the Gold chart below is showing serious long term support has been reached...
Video from Mike Maloney, he notes that Silver came down and closed it gap from the start of its big rally into 2011, on the weekly chart below it has developed a doji which looks bullish too...
http://www.youtube.c...fG4WvJPs#t=873s
XAU charts are showing divergence on the Advance Decline lines...
http://www.masterema...eclineChart.bmp
http://www.masterema...eclineChart.bmp
Edited by Russ, 26 May 2013 - 09:57 AM.
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