"Thank you for your summaries of your recent seminars. Quite interesting to read about investor sentiment in other parts of the world.

"I was wondering if in the chart library there is a way of obtaining a chart of gold relative to its 200 day moving average?

"Thank you for your excellent work."

Eoin Treacy's view Thank you. Teaching The Chart Seminar is always an educational experience for me not least because of the depth of experience delegates share. It is not currently possible to compare gold to its MA as an indicator in the Chart Library but it is something we are looking at developing.

At the recent peak near $1577 gold was somewhat overbought relative to its MA but not alarmingly so, particularly when compared to the overextension posted by silver. Last week's downside key reversal suggests that gold has hit a peak of at least short-term and potentially medium-term significance. The odds remain in favour of a reversion towards the mean which is currently in the region of $1400.