GOLD AND SILVER TRADE ALERT (2:30 pm EDST)
The short-term gold and silver rally off of last week's lows could be topping out now as gold is making a new weekly high while silver is not (bearish divergence), and both metals seem to be slowing down today. We have a nice profit in our gold long position and a small one in our silver trade so I am going to take profits and sell both positions today. Any correction now in these metals (if not too deep) should give us another buying opportunity soon. Selling my long positions in gold and silver today.
The short-term gold and silver rally off of last week's lows could be topping out now as gold is making a new weekly high while silver is not (bearish divergence), and both metals seem to be slowing down today. We have a nice profit in our gold long position and a small one in our silver trade so I am going to take profits and sell both positions today. Any correction now in these metals (if not too deep) should give us another buying opportunity soon. Selling my long positions in gold and silver today.
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