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<p>[QUOTE="Cloudsweeper99, post: 1596654, member: 3011"]Yes, I am still bullish on PMs, and I believe the bull market is still intact. However, I thought it important to point out that the 1625 level [give or take a few buck since I looked at the chart and didn't calculate the number] is a very important support level for the bull market. A move below would be technically bearish, and a move above 1800 would be technically bullish. Now, the anti-gold forces, if they actually exist, can read a chart as well as anyone and might spend whatever is necessary to paint a bearish tape to create more temporary selling pressure. Nobody knows, or can know. It's just another tool in the toolbox.</p><p><br /></p><p>Edit: Typo in the two posts above. I would say 1525 is the level to watch out for, and I think that's the number I threw out there in earlier posts. Sorry for the confusion that caused.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1596654, member: 3011"]Yes, I am still bullish on PMs, and I believe the bull market is still intact. However, I thought it important to point out that the 1625 level [give or take a few buck since I looked at the chart and didn't calculate the number] is a very important support level for the bull market. A move below would be technically bearish, and a move above 1800 would be technically bullish. Now, the anti-gold forces, if they actually exist, can read a chart as well as anyone and might spend whatever is necessary to paint a bearish tape to create more temporary selling pressure. Nobody knows, or can know. It's just another tool in the toolbox. Edit: Typo in the two posts above. I would say 1525 is the level to watch out for, and I think that's the number I threw out there in earlier posts. Sorry for the confusion that caused.[/QUOTE]
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