Jul 24, 2015

gold/silver update

The minimum conditions were met - panic low -> some bounce -> moving lower to a lower low. With the overnight move gold hit 1072 - my target from the "long term" posts was 1070-1090, silver hit 14,40 which was one of the measurements. At the moment there is no guarantee for example that the big boys will not push the PM to the lower targets like gold 1065 and silver 14,30 followed by intraday reversal. But I think this is the moment for traders which are not afraid of risk to open 20%-30% of their positions.

There is no need for charts just look at the previous post below gold/silver/gdx - we saw the move lower.... let's see if a reversal will follow.

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