Hey guys, this is follow up to my US100 call today linked below, I see silver falling to the support line making a big double bottom supported by strength coming back into the RSI causing a strong bull run into the new year come after. December has always been a great time to be invested in precious metals often coinciding with strong rallies, I think most people understand that the fed is behind on tapering and will speed up but I doubt they will sped up enough on there policies so maybe this could be a reason for a flock to precious metals as a flight to safety for next year. First target is 10.7% away from the support line where we have had previous support and resistance and by the time we get there the 150 EMA will Also be there acting as resistance. But I stress wait for Gold to confirm this trend and watch the gold/silver ratio seems to be topping so silver will outperform gold here.
follow for the follow up charts coming throughout the week on where i will cover another play i have on AUD/JPY, AUD/USD, stock buys and further breakdown on possible big short early next year.
follow for the follow up charts coming throughout the week on where i will cover another play i have on AUD/JPY, AUD/USD, stock buys and further breakdown on possible big short early next year.
Kommentar:
Seems to have worked out entered in position at the $21.70 mark with a 10% target
