Monday, August 13, 2012

13 Aug 2012

 Medium term summation index is still struggling.
Short term is performing a little better.

Gold is falling away from its upper resistance line recently.
Silver is falling away from its upper resistance line recently.  If either of these lose the bottom support line, lower prices will likely come.

 VIX is as low as its been during the last four years.  Some people are intellectually dishonest and fail to mention that it reached a low of 10 in 1993, 1994, 1995 and 2005, 2006, 2007.  Anything can happen.
Neither overbought nor oversold in my multiple time frame indicators.

"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."
Frederic Bastiat, 1850

No comments:

Post a Comment