Tuesday Aug. 27th 2013
Stock Markets Around The World Resuming their declines to new lows. Yesterday, US Equity Markets Completed the 4Th Step Up of the First Leg Down and started the 5th step down. US markets will make new lows before the end of this month. On the other hand Gold & Silver are resuming their march up.
Let us look at some charts:
DJI
SPY
IWM ETF Corresponds to Russell 2000
TZA is A BUY Again Today
Let us look at Gold & its ETFs
GOLD
NUGT ( Gold 3X Leveraged ETF) First will Cross 104 today & then march upward to resistance from 112 to 123. We have no SELL signal on Silver or Gold. Insiders continue to buy heavily. Till they start distributing , there will be no decline.
Silver
USLV ( Silver 3X Leveraged ETF)
Stock Markets Around The World Resuming their declines to new lows. Yesterday, US Equity Markets Completed the 4Th Step Up of the First Leg Down and started the 5th step down. US markets will make new lows before the end of this month. On the other hand Gold & Silver are resuming their march up.
Let us look at some charts:
DJI
SPY
Let us look at Gold & its ETFs
GOLD
NUGT ( Gold 3X Leveraged ETF) First will Cross 104 today & then march upward to resistance from 112 to 123. We have no SELL signal on Silver or Gold. Insiders continue to buy heavily. Till they start distributing , there will be no decline.
Silver
USLV ( Silver 3X Leveraged ETF)
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