Market Anthropology: Going Digital

Monday, September 30, 2013

Going Digital

Since our last note, the Australian dollar has continued to follow and converge with silver’s month old footsteps, while precious metals have treaded water over the past thirteen sessions. Should the Aussie remain in these freshly laid tracks without converging higher (our expectation), its next immediate sequence for the comparative would be a large drop to its 50 day sma ~ 91.70. 

In either case, we expect a binary move out of the recent range for both assets. 

Our educated guess is that these two programs are about to go digital (higher), as the analog signal gets converted, via a modem – the market.

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