www.armstrongeconomics.com
Gold remains heavy and especially as we started to see stocks improve
mid-session. On the day we closed down 0.6% but was off over 1% mid
afternoon trade.
Silver did not benefit from the weekend rally and
finally closed -2.7% on the day. Indeed, if silver break the 1470 level,
we are looking for a serious thrust downward. Once we start to elect
Weekly Bearish Reversals, the bull trap is confirmed.
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