Gold Silver Alert: Increase Short Position

Posted by Przemyslaw Radomski - Founder Sunshine Profits

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Gold & Silver Trading Alert: Gold Declines Once Again As Expected

‘Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective.

Gold and mining stocks declined yesterday in a rather profound way. The GDX ETF finally broke below its 2013 lows and the volume that corresponded to this action was high. However, silver almost didn’t react – why didn’t it? Will we see a rally shortly?

In short, not likely. There was a good reason for silver to hold up strongly at this time. However, before we move to this situation, let’s take a look at the “background info” – the changes in the USD Index (charts courtesy of

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A clip from the summary: 

Summing up, the situation in the precious metals market was bearish but based on yesterday’s price action it has now become even more bearish (taking the short term into account). While we wrote that it was justified to open small short positions in the sector a few days ago (which are already profitable), it seems that doubling them at this time is also justified (as always, just our opinion).”

….read and view full size charts HERE