GOLD AND SILVER TRADE ALERT (2:45 pm EST)
We are getting a short-term bullish trade signal today in both the gold and silver markets and, as I have been stating in recent blogs, we are now at an ideal entry point in timing to buy these these metals. I am therefore going long today in both gold and silver.
I will give a more extensive market update later today or tomorrow, but it looks like the Federal Reserve has decided not to change QE policy (i.e. no tapering) for at least another month so this is good news for the broad stock market (at least short-term).
We are getting a short-term bullish trade signal today in both the gold and silver markets and, as I have been stating in recent blogs, we are now at an ideal entry point in timing to buy these these metals. I am therefore going long today in both gold and silver.
I will give a more extensive market update later today or tomorrow, but it looks like the Federal Reserve has decided not to change QE policy (i.e. no tapering) for at least another month so this is good news for the broad stock market (at least short-term).
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