Gold and silver plunged further today and our short positions in both these metals are doing really well.
I am tempted to take profits right here as we are well into our target range for the correction and several timing factors would suggest a direction reversal soon. I see no indication of momentum change, however, in any of the charts I analyze which suggests that prices may drop some more. We will, therefore, hold on to our short positions today and wait to see how the markets behave tomorrow.