If AU || YI hits 1220 I'm a buyer, the situation in Europe appears to be grim, my guess that they are starting to panic and the run to gold and silver will happen soon (1-2 months) just based on the noise in European media - bullshit analysis maybe or just a gut felling.
The ML line drawn is saying the same thing to me the candle pattern heretofore dubbed the "WTF" candle. What makes me lean positive is that we did not see a big price advance. With luck we will get entries around 1220 (price can over shoot so don't freak-out f it moves lower). The volatility week to week should get crazy per Armstrong and Sinclair 1240 - 1260 highs in LON should be expected. This should set-up a couple of good cycle trades for runs of 20$ - take-em while they last.
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