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The price analysis last month discussed the technical damage done and highlighted how support had become resistance. It concluded: When everything is so lopsidedly bearish, it can signify capitulation. That said, beware of trying to catch a falling knife. Because of the technical drivers in gold and silver, moves tend to extend beyond what seems possible […]
The post The Technical Picture: More Time is Needed Before a Sustainable Rally Begins first appeared on SchiffGold.