Friday, July 6, 2012

SLV/GLD

With the 5 min negative in the Dollar and the 5 min positive in the Euro, the market activity makes sense, so would a similar move in GLD and SLV, perhaps again, a gap fill.

Longer term there's some constructive action in both, but I don't feel comfortable trading wither from the long side yet, although when the time comes, it may be a very profitable trending trade, we'll just have to see if the slow improvement of the longer term trends continue. For now, the short term, like the market...

 GLD 5 min-below SLV 5 min


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