The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Liquid Lounge

URL:  http://boards.fool.com/30307572.aspx

Subject:  Re: Gold - Updated TA Date:  10/8/2012  7:06 PM
Author:  MDCigan Number:  41169 of 41315

http://blog.kimblechartingsolutions.com/2012/10/joe-friday-w...

Both gold and silver sitting at resistance with excessively bullish sentiment. Also, historically October is a down month for PMs.

On a trading basis, good short entry here on both with a stop just above resistance. I am currently short silver on a trading basis.

On a longer-term basis, both look to have reversed the downtrend of the last 12+months. I'd look to get long on a pullback to either the 50 or 200 day moving averages. QEinfinity should provide a very long bullish tailwind for the PMs.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us