Thursday, September 12, 2013

12 Sept 2013

 Here are gold's trendlines I drew a few months ago.
 Long term remains overbought.
 McClellan Summation index actually looks like it could have substantial room to the upside considering the RSI and TSV.  However, if it rolls over, it signifies substantial weakness.
 Medium term remains mostly neutral.
 Silver rallied pretty well since my note about it being on the lower trendline.
Short term is overbought.

"Cum catapultae proscriptae erunt tum soli proscript catapultas habebunt. (When catapults are outlawed, only outlaws will have catapults.)"

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