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Thursday, August 15, 2013

US Markets Are giving SELL signals

We had a SELL signal  yesterday as the rally we expected did not occur. Instead the market reversed direction. This means getting rid of long positions and  going short. No SELL signal on Gold & Silver related shares.

Here are charts for DJI, SPY & IWM  as of close yesterday.



Here is chart for NUGT ( No SELL signal yet) Silver still going up

I prefer buying NUGT on weakness over TZA

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