MA etwas kryptisch, äußert sich kritisch zu TA bei den EM in der aktuellen Situation.
This is the normal 2-month correction phase our computer has been projecting and then the world seems to be hit with a serious change in trend come April for that is showing up in many markets around the world. This implies that we are dealing perhaps more with geopolitics rather than a fundamental issue confined to the metals.
We do see resistance on the ratio at the 80:1 level during any bounce. The Ratio would have to close above the 92.5:1 level to indicate an important low was attained.
We do see initial support at the 4350 area. In silver, we see support building at the 69 area followed by 61 and then the major support at 48 and it would take a closing below 35 level to imply an more sustained bearish trend.
With the Perfect Storm of shortages in silver, sovereign debt crises perculating worldwide, and the geopolitical insanity of Europe pushing for war, this picture is far different from the previous major highs of 1980 and 2011. These analysts who only look at charts, do not look outside a single market. The world is unsettled and it will be that question of who ends on top this time, which is far different than 2011 or 1980.
Gruß,
GL