Wednesday, January 26, 2011

GOLD MONTHLY


Gold is on a daily and weekly sell signal (mine). Monthly puts decline in perspective, BUT MACD may have reached its extreme levels for this move and RSI has slight divergence at new highs.....MACD has not crossed yet, when it does addt'l downside is likely and may come along with weakness in general markets. OIL is back under $90
This drop in commodities has come with $ also losing value

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