SILVER TRADE ALERT (3:30 pm EDT)
Gold is falling past an important support today while silver made a new high as gold did not for another case of bearish divergence between these two metals. We are in a reversal zone for precious metals and near the end of their current medium-term cycles. I am going to enter a short position in silver today but remain out of gold (it has already fallen steeply) for a possible correction now to the current cycle bottom. We can set a stop loss for this trade just above today's high at $15.80 (about 2% above the current price). Going short in silver now but still out of gold.
Gold is falling past an important support today while silver made a new high as gold did not for another case of bearish divergence between these two metals. We are in a reversal zone for precious metals and near the end of their current medium-term cycles. I am going to enter a short position in silver today but remain out of gold (it has already fallen steeply) for a possible correction now to the current cycle bottom. We can set a stop loss for this trade just above today's high at $15.80 (about 2% above the current price). Going short in silver now but still out of gold.
RSS Feed