Empire Precious Metals: Gold & Silver Technical Analysis (ST & LT)

Empire Precious Metals: Gold & Silver Technical Analysis (ST & LT)

In our Opinion:
After seeing an extensively oversold environment/ periods due to Economic Confusion / Distorted Hysteria based on Mass Misconceptions of 'deflation' & from what appears to be more a result of the Deleveraging effects of Major trading Firms & Investment Banks covering their outgoing losses, it would seem very clear from the overnight & morning sessions of Gold, Silver along with most other metals that we are very much still in a LT Bull cycle.

While there still remains the fact of volatility up or down moving into the 3rd qtr & 2nd half of the year ahead, it does seem very clear from a many number of reports from the Markets regarding Physical Demand from Central Bank Purchases, Major Private group interests along with individual investors are very happy to buy at these averagely lower prices as compared to just the previous months.

Please be sure to visit WWW.EmpirePMllc.com or call 646.820.GOLD (4653) to speak with an Agent for a full technical break down, General Metals forecast & to discuss your Investment options/ risks associated in Buying Selling or trading.

Gold:

Silver: