Get Ready for Start of A decline in US markets

Monday Oct 21 , 2013 6:20 AM PT

The markets are overbought  and insiders need to sell near the top. Opening of the US Government offices was a perfect excuse for the insiders to take markets to new highs. Now the insiders will move the markets up and down a few more days so that they can sell to as many suckers as possible.
Se the chart of SPY ( ETF for SPX) . It looks like forming an ending traiangle. IWM  is near the top of a trend line as well. DJI never made a new high. That is  a big discrepency between DJI & DJT and other markets.  DJI is the only major index that did not make a new high.That is another reason the markets may be peaking out. We still DO NOT have a SELL signal. DO NOT BUY TZA yet but get out of TNA. Upside potential in TNA is limited.

SPY Trend

DJI Trend

IWM Trend shows the market is hitting the Upper Trendline. We could have waited one more day before taking profits in TNA

DJI

SPY

IWM

TNA

GLD  Gold ETF is giving a BUY signal as we told you last Thursday. After one day consolidation it is ready to move up.

SLV  Silver ETF also gave a BUY signal on Thursday.  Technically it looks stronger. Buy as many Silver coins as you can afford. Indians  are  buying 6000 tons of Silver as they are prohibited from buying Gold

GDX Gold Miners ETF also gave a BUY signal on Thursday

 USLV ( 3X Silver ETF) also gave a BUY signal

NUGT ( 3 X leveraged Gold Miners ETF) also gave aBUY signal.

Read articles on Gold & Silver at www.Kingworldnews.com