Silver helps and silver hurts. Silver did its normal silver thing. As poor man’s gold, silver always gets over speculated on minimal financing among the believers.
Then, as today, believers get sold out by the short play to follow.
There is no top in gold at this time, nor in all probability in silver.
In truth, the action is beneficial to the ability of gold to scale the heights 2011-2015 defined by Alf Fields and Martin Armstrong.
Click chart to enlarge in PDF format with commentary from Trader Dan Norcini
For further market analysis and commentary, please see Trader Dan’s website at www.traderdan.net
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