Saturday, May 14, 2011

Quo Vadis Prec. Metals?

A muddled picture on the Sentiment side. Just look at the Call Flow explosion followed by a Put Flow explosion. The bears were just waiting for the kill after having the bulls allows to take silver parabolic.
The exhaustion chart is confirmed bearish ....plain and simple...
MOMO is extremely obersold which explains the moster intraday short covering rallies...

The TimeCycles Gold/Silver Ratio chart on the other side looks promising. It forecasts a final low in Silver (& and Gold) around June/July. The GSR will aim at 50 but could also overshoot to 60.
Silver prices could reach into the mid/high 20ties.

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