We had a truly excellent price move in GLD/SLV today complete with volume, there remain some contradictions within the move so I'm not convinced. We've seen too many of these moves used to belly flop the PMs in days to follow. These contradictions that remain are exactly why I said in the earlier update on PM's, it's a bit early to be putting this update out.
We'll see shortly though and either way, there should be a decent short term trade in both. The key is positioning, risk and probabilities.
5 years ago
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