All asset classes are moving lower that includes bonds, Gold, Silver and many commodities. IWM and RUT are ready to move below 15 day moving averages which means the need for selling TNA and buying TZA. We have been warning about this decline for a few days. This decline has not been confirmed by DJI and SPX. Till that happens please be careful about being too bearish. Gold may be basing here for a multi week rally or may go even lower if it breaks below recent lows. IF DOLLAR GETS EVEN STRONGER HERE, decline in precious metals will continue. So be careful.
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