Gold and silver falls.
Stocks
The SPY,
Transports and Industrials closed up. The primary and secondary trend remains
bullish.
Today’s
volume was higher than yesterday’s, which is bearish since advancing prices
were not confirmed by expanding volume. The overall pattern of volume remains
bearish, which suggest that a secondary reaction may be nearing.
Gold and
silver
GLD lost 0.42
tonnes. Price must go up to stop the bleeding.
GLD and SLV
closed down. The primary and secondary trend remains bearish.
GDX and SIL
closed down. The primary and secondary trend remains bearish.
Sincerely,
The Dow
Theorist.
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