17 Aug State of the Market – 17 August 2014
Posted at 21:13h
in Uncategorized
Long term prices remain very high.
In the medium term, prices are slightly oversold and bouncing.
In the short term prices are slightly overbought.
I think the market has either bottomed or will be bottoming in August for a rise through mid September. The Monetary Base continues to expand at a 20% annual rate. This adds fuel to all asset prices.