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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Vendit™ who wrote (42612)12/27/2012 8:40:24 AM
From: GROUND ZERO™  Respond to of 221851
 
Thanks, no need on the SLV chart, I have the silver futures charts... many thanks...<g>

GZ



To: Vendit™ who wrote (42612)12/27/2012 8:42:57 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221851
 
On the gold, the market is already below the higher gold VP, so it's right smack dab between the two of them... this could explain why that market is holding here right now... so, it could break down to the lower VP or just tread water for another couple of weeks and turn higher from here... either way, I'm inclined to think gold will move higher through January and February...

GZ



To: Vendit™ who wrote (42612)12/27/2012 9:01:17 AM
From: GROUND ZERO™  Respond to of 221851
 
Regarding gold, on 12/20 the Feb contract did trade at a low of 1636.00, this is very close to the major downside VP of 1633.20, so it may already have seen enough of the VP and rallied nicely from there... of course, with another two weeks in this cycle, it could re-visit that low, but that would not be a good sign technically... so, if gold were actually to bottom right here, then that low should not be re-visited or violated...

GZ