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Subject:  Re: Gold - Updated TA Date:  10/8/2012  7:06 PM
Author:  MDCigan Number:  41169 of 41566

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.
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