This post was just published on ZYX Short Sell Change Alert.

Gold just broke $1600 support and is now at $1596 as of this writing.  Both gold and silver are very oversold in the very short-term.  A bounce can happen any time.

Next support is $1565 to $1575 on gold, and $29 on silver.  Silver is at $29.16 as of this writing.

What To Do Now?

Those short GLD may continue to hold short.  Those holding more than the recommended quantity may take partial profits right here.

Those not short gold may wait for a signal on the Real Time Feed.

FREE: SUBSCRIBE TO ‘GENERATE WEALTH’ NEWSLETTER

Tiny URL for this post: