- New Science in old markets -

Precious metals extend

The sharp two-day drop in Gold Silver and Platinum has produced daily-scale bottom extensions in each one:

Precious metals all drop into bottom extensions

This has the usual meaning - expect a bounce that may well end the drop hereabouts. It is always worth buying at bottom extensions, as:

  • they are our single most reliable signal, because:
  • price drops often end with a 'spike' or 'V' bottom
  • even if further weakness eventually occurs, as part of a more complicated 'bottoming process', it will not usually be serious

All signals provide by software developed by our friends at Parallax Financial Research www.pfr.com