the precious and the black

oil is down 10% (oops). it has reversed from the top zone of its target like it was expected to do .it is not a mere co incidence that almost all the analysts were calling for 200 usd oil just like they were calling for 50usd oil when it was in 70 usd.i think most of them, if not all, are paid to be wrong1

gold has also reversed from the top of its range target. noteworthy is silver which has lost just the way it had gained.

ideally silver should go into a long consolidation phase before any worthwhile bull be seen in it.

in any case i will review the charts and post accordingly.