Yesterday’s volatile markets looked like a violent technical washout.
The Indices reached very close to GMTT second given upside target before they corrected again.
Gold and Silver pulled back significantly, and we believe that the low is in.
Last week we already mentioned that Gold could pullback one more time.
Now that this is behind us, we like to go long Gold and Silver at the market with the following sell stops:
Gold (DEC) 1839 and Silver (DEC) 23.30.
Ona another note, Crude reached our target of 40.45 and we are still long from 33.80.
Next upside target 43.80.
Raise the sell stop to 39.10.
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