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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Justinfo who wrote (77887)	1/8/2016 5:24:57 PM
From: John Pitera	7 Recommendations Read Replies (1) of 218713

Hi Just, Long Term monthly Gold And Silver Charts from Nov 29th.... The short term rally in Gold and Silver is not that impressive....The Global deflationary power of Crude and the collapse of GDP in China are pushing all asset class prices downward. Message 30336347 Long Term Silver Chart look very bullish.... on a 45 year Monthly basis we have watched Silver come back to it's .764 retracement, which also coincides with the very powerful 200 Month Moving Average... and we even have a Wyckoff Automatic Rally to the 14.93 area after the complete collapse to the $4.78 level back in the early 1980's....... This is the area where we will almost inevitably see the big long term money masters slowly accumulate........ As a trade to make money....... it's beyond the patience level of well over 90% of the trading public .. But it's a very impressive long term set up....... and on a Macro positioning basis..... it appears to be a home run...given ...lots and lots of time to unfold. Historically Silver has often been the first precious metal to bottom. The Monthly Gold chart has taken out it's .618 retracement to the downside and I could see prices decline to $996 or even back to the .618 of the move from $253 to $1923 which would be $892 level and giving it several months to transpire... we could see the 200 Month Moving Average advance to converge at that $892 level . Platinum and Palladium have been showing quite a bit of relative weakness going back to the 2008 crash. after RogueDolphin was pointing out the weakness in Platinum a couple of months ago it has turned out that a long Gold:Plat spread trade has been in a pretty nice dependable channel....and as Bruce Kovner has stated those markets and trades that are less watched often trend better and yield better trading results. John

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