Metals Still Poised For Major Decline? How Markets Really Move

Posted by Martin Armstrong - Armstrong Economics

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Unknown-2The support on the June Gold is 1403 both intraday and on the close. A break of that area will begin to warn of further weakness. Keep in mind, that even going sideways into next week is a weak bullish trend that would forewarn of a serious change to the downside thereafter.The shocking aspect of the metals has been the total lack of a bounce. The old gold rule of trading – What will not go up – goes down! 

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