GOLD AND SILVER TRADE ALERT (1:00 pm EDST)
Gold and silver are both breaking below last week's lows so it looks like they are breaking down instead of breaking up. We are therefore going to unload our long positions in these metals today. Selling my long positions in gold and silver.
After dropping early this morning, the broad stock market is rallying again. The S&P 500 and NASDAQ are making new highs, but the DOW is still below its June high of 25,403 and still below the resistance zone at 25.200 - 25,280.
I am going to hold my short position here for now.
Gold and silver are both breaking below last week's lows so it looks like they are breaking down instead of breaking up. We are therefore going to unload our long positions in these metals today. Selling my long positions in gold and silver.
After dropping early this morning, the broad stock market is rallying again. The S&P 500 and NASDAQ are making new highs, but the DOW is still below its June high of 25,403 and still below the resistance zone at 25.200 - 25,280.
I am going to hold my short position here for now.
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