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Originally Posted by F1Venom
Any thoughts on SLV and GLD?
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Like so many other ETFs, much of the action happens outside of normal trading hours, so one has to look at the 24 hour futures market to see what is happening with Gold.
Gold has not reached bottom on this cycle yet, imo. I've been short since 1315.
It broke through its support at the .786 level so it's next stop is most likely in the 1232ish level, perhaps lower.
Again, that's my opinion only, which may be worth less than what you paid for it
