Wednesday, January 9, 2013

One Way - or Another

After momentum started exhausting in December along the lines of an expedited line, we turned our attention to the prequel of the 1991 Nikkei bear comparative - the 1990 Nikkei. Despite the enthusiasm that was reflected in the abundance of relative strength leading up to the announcement of QE3 - silver's RSI, TRIX & stochastic momentum flows have unfurled closer to the 1990 pivot then the 91' comparative. 
This is still very much the case, although price has traded closer to the 91' comparative - sideways to higher - for the better part of two weeks. 
We still believe - in one way or another - that silver prices will continue to weaken.