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Monday, July 22, 2013

Gold & Silver Continue to Rally

Gold & Silver continue to rally. We told you to buy Gold & Silver on June 28 when Gold hit $1190 or so.
Later we had a buy signal on GLD & SLV on July 10, when both crossed 15 day moving averages. Whether it is the beginning of a big rally that we have been expecting or we will sell off to new lows as dollar  becomes stronger cannot be predicted at this time.  Why make a prediction now? Let the market tell us.  If it sells off again , we will watch the 15 day moving averages.


We still have no SELL signal on the stock markets in USA even though we took profits last Thursday.
 Nasdaq

SPX
DJT

RUT

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