GLD, daily
SLV, daily
Summary
*I am short SLV, seeking a break of the 2013 lows (SLV <17.75) within the near term.
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Today's opening reversal was on VERY heavy volume. The problem remains that the bigger weekly/monthly cycles remain bearish.
Indeed Gold tried to break above the 200 day MA..but failed.
With the FOMC set to announce QE-taper'4 next Wednesday, there will likely be renewed downside pressure on the metals.
