The German team stick to their preference for the medium term bearish trend to resume soon enough but they remain officially neutral open to both a northward and southward breaks of key levels. Their short term call is a mild retracement of the recent bullish moves. Like everyone else they are fence sitting here and …
Category Archives: PMs
Weekly Bullion Technical Comments – “Medium Term Outlook Neutralized”
The German team are shifting their technical stance but are not willing to go bullish yet. Below 1700 US$ gold price they remain of the view that this move could simply be a false rally and the whole move could reverse in the next two weeks especially as we are still in Aug. A move …
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Weekly Technical Comments – “A Break of 1422 Opens The Door to 1470”
This week’s report from the Swiss team follows on from last week’s whereby they are shifting their medium term technical projections towards a bullish scenario. They have moved back their timeline to mid end Sept for a correction. They now expect 1422 to be broken to the upside in the near term. They state an …
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Weekly Bullion Technical Comments – “Below 1623 to 1648 Bearish & Above 1674 Bullish”
The German team re-affirm their bearish analysis of last week. They remain wedded to the view that gold will see a swift decline by the end of August. A break of the long term uptrend line at 1572 currently must be achieved to provide momentum to the move. They repeat the 1325 target with 1299 …
Weekly Technical Comments – “S&P Overbought but Rotation Positive”
The Swiss team have stepped back from their 1200 spx target for later this year. Near term they expect a pull back due to over bought conditions. On the medium term they continue to expect a more significant correction in the indexes of 5 to 8%. The recent sector rotation is a positive signal though …
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Weekly Bullion Technical Comments – “Range Before Decline to 1325 Target”
Ive been following these guys for the last few months on the bullion or precious metals. Credit where it is due. The German bullion team have done a good job over the last few months and so i’ll be posting their weekly technical view of the bullion markets, for a trial period at first to …
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Weekly Technical Comments – “Make or Break”
As I suspected the Swiss team are very much where they were a week ago. Insufficient levels have really be broken here. This should come as no surprise until one of the major central banks takes meaningful monetary action. The technicals are confirming the fundamentals of where we are at present. Its a case of …
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Weekly Technical Comments – Markets on a “Knife Edge”
As we sit here waiting for central action, or not, technical indicators are demonstrating significant moves in either direction. The Swiss team are using the “make or break” term here and now. I’ll leave all the detail on levels and various asset classes to the report. They do an excellent job of summing up things …
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Weekly Technical Comments – “Bounce Remains Intact 1325 Key”
The Swiss team publish another excellent report. We all know the key levels by now by heart. Of note the AAII bullish consensus at contrarian levels. Interestingly, they also note the euro bounce possibility but ref the low volatility in the pair eurusd. I second this although this is in great fault down to the …
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Weekly Technical Comments “Euro Bearish”
The Swiss team, on the money yet again. Im back in the office tomorrow so comments then. All the best RichWeekly10-07
Weekly Technical Comments – “Use Strength to Sell”
A facinating report from the Swiss Team this week. They are sticking to their guns that this rally is purely corrective and that July will produce much weakness in the major indexes. I must say, this sits quite nicely with the way i see things as well. SP500 rally to between 1370 to 1390 cash …
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Weekly Technical Comments – “Risk Vunerable into July”
A much wider report from the Swiss team this week. They cover more instruments inc gold, the US$ and equities. They are still looking for another leg down, at least in equities but likely all risk asset classes. They remain bullish thereafter especially on commodities. Here the report: Weekly26-06 They could well be right but …
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