As usual, Clive Maund provides some of the best chart analysis on precious metals and the USD.
'A look before you leap' investment policy is best advised for investors looking to buy into precious metals. Stagger your investment over reducing price limits rather than buying everything at one go.
I think Mr Maund is quite right to be cautious on PMs at this stage. The equity markets are looking shaky and more signs of trouble in the Euro zone could trigger a sell off, resulting in a flight into the ''safe'' USD.
A rallying USD, would force a sell off in PMs as speculators and punters start to capitulate.
I'm setting my limits at lower levels, but I'm not buying anything just yet!