Singapore Prec Metals Exch

GOLD60 min SILVER60 min

Sunday, May 4, 2014

May 2 Daily KBindex, close week of May 2

We commenced with a BUY / LONG signal April 2, which was subjected to a FALSE NEGATIVE Signal on April 15, 1st Anniversary of the TAX DAY MASSACRE.
Kartel-Breaker Confirmed the April 2 signal April 25th with another positive crossover, and a rising MACD.   This, my observation is that the market forces underneath the physical Gold Market show greater buoyancy to the upside, rather than sinking to the downside, so for now, this market is traded to the upside.

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