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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Honey_Bee who wrote (21863)7/21/2011 2:57:32 PM
From: GROUND ZERO™  Respond to of 220939
 
Sure, gold hit the VP yesterday and it stopped the rally... now, the chart is forming a topping pattern... the market isn't falling but it's also not rallying... just something tells me it has lost its umphhh... I could very easily be wrong, but that's how it looks to me right now... I actually took a light short position in silver earlier, and if silver doesn't recover, then I'll keep it overnight...

GZ