As per the prior post, strengthening of the dollar was a perfect signal to short sell gold $GLD at $139.25 and silver $SLV at $29.05. We suggest tight trailing stops to protect profits. As of this writing $GLD at $135.73 and $SLV is at $28.33, but they have been lower.
With worries in Europe settling down and US stock market ramping up, there is a strong case for a retracement in gold $GLD and silver $SLV. The money flows in gold and silver futures this afternoon have been negative. The technical pattern traced out by both gold $GLD and silver
CDE (Coeur d’Alene Mines) announced t the Supreme Court has released its decision affirmed the previously issued permit for the tailings facility for the Kensington gold mine near Juneau, Alaska. The decision has the potential to unleash a powerful move up in the stock. Consider scaling in around $11 and