Market Anthropology: One Way – or Another

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.