Wednesday, July 15, 2015

Dow Theory Update for July 15: Primary bear market for (paper) Gold and silver signaled today

I don’t have much time to blog today. However, take my word for it: GLD by violating March 17, 2015 closing lows has signaled a primary bear market today.

Thus, the entire precious metals universe (and their gold and silver miners ETFs) is in a bearish mode.

The primary trend for stocks remains bullish, albeit the set up for a primary bear market has been recently completed, as explained here.

The Dow Theorist

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