Gold Silver Index – a guide for the yellow brick road?

To catch up to speed please view the following posts:

http://bartscharts.com/2013/09/07/good-as-gold-part-1-of-2/

http://bartscharts.com/2013/09/08/good-as-gold-part-2-of-2/

the gold silver index is correcting (or continuing lower) to  very important levels – 88.69-89.36 or 86 or 84.21. We never know which level is going to hold or not … that being said, our continued outlook is to be bearish the metals from the perspective of Silver and Gold.  I am still holding out for one more leg down …

watch these levels on the gold silver index as if they are taking out, then we have a good idea (probably) that Gold and Silver will also move to our long standing lower targets.

keep your powder dry …

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART