Gold and silver prices have been rising steeply for over two weeks and both are now approaching strong resistance areas with gold testing $2050 and silver challenging $25. We are also inside a time frame (Nov. 28-30) that is a potentially strong "pivot point" for silver and also gold. The medium-term cycle in both metals is also ripe for a steep sub-cycle corrective "dip". For these reasons, I am going to sell my long position in gold today. We have a decent profit on this trade as we bought it on Nov. 9 at $1958. As with silver, we will wait for a substantial corrective drop in gold and plan on buying it again at that point (along with silver) within the next week or two. Any sub-cycle correction now should at least test the 15-day moving average for both metals. (That would be around $1986 in gold and $24 in silver, both rising.) The trend in gold and silver now is bullish, so that is our trading strategy at the moment. If gold starts falling below $1930 and silver below $22, however, we might have to abandon that bullish view.