GLD, daily
SLV, daily3, H/S
Summary
Another weak day..and the down trend continues.
Near term target remains SLV 17...perhaps even 15..if there is mild panic into end year.
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*I am short SLV, seeking my next exit in the 18.60/50s.
Wednesday, 27 November 2013
Underlying weakness
The bigger weekly and monthly bearish trends continue to assert themselves, with the precious metals still generally weak. Gold and Silver closed the pre-holiday session -0.3% and -0.9% respectively. Near term outlook is very bearish, with significant downside (5/10%) to come.
GLD, daily
SLV, daily3, H/S
Summary
Another weak day..and the down trend continues.
Near term target remains SLV 17...perhaps even 15..if there is mild panic into end year.
-
*I am short SLV, seeking my next exit in the 18.60/50s.
GLD, daily
SLV, daily3, H/S
Summary
Another weak day..and the down trend continues.
Near term target remains SLV 17...perhaps even 15..if there is mild panic into end year.
-
*I am short SLV, seeking my next exit in the 18.60/50s.
