I would think SLV would track GLD pretty close, it doesn't have the same signal, which is just barely enough to enter a spec position, it has 1 chart that's decent, that's the 3 min, after that, especially at 10 min, it's leading negative.
Another trade opportunity is to set alerts for the gap fills and you should be able to initiate a lower risk short position in GLD and SLV, the market should be just about to turn back up around the same time.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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