Gold & Silver Will Continue to Go Higher

Wednesday Aug 28 Before the Opening
Gold and Silver  are continuing to rise and  will make new highs. Stock markets will continue to go down till we reach lows established on July 24.

Let us look at some charts
SPY

DJI

IWM  ( ETF for RUSSELL  2000)

TZA

Let us Look at Gold & Silver related stocks

Technical Analysis ( from Kitco.com)

GDX  Gold Miners ETF

The insiders sold GDX at the opening and sold all day long with heaviest buying by insiders at the end of the day, Let us look at one day chart of GDX. The lat bar is for today's buying Till 5 AM PT but the volume is not correct for the last bar.

NUGT   3X Leverage  ETF 

NUGT For One Day for yesterday is below. See the heavy buying  by insiders in the last 30 Minutes. They have loaded up near the lows so they can distribute near the top. NUGT can go back to yesterday's higs or higher but it will take a few days. A stock can go down in a hurry but it takes more time to go up.

Here is the link to more news about Gold & Silver

http://kingworldnews.com/kingworldnews/King_World_News.html

USLV   Silver 3X leveraged ETF. We should take profits in this ETF as nearly 87% of people are bullish on Silver compared to 4% on June 24, 2013. So its rally needs to rest soon. Last candle is a bearish signal.

As far as European markets and Asian markets  like India, Japan, Indonesia and also Brazil, the declines are more severe as they are all in 3rd LEG down which is very ferocious.

US markets are going through 5th step of the First Leg Down. That is why declines are relatively mild.

We will start a 2nd leg up soon . That may recover some of the decline in the First Leg down. After the second leg up we will have a 3rd Leg down which will be quite severe.