First gold.
Now silver.
Neither chart is healthy since the 11th for sure. Now if you have bought recently after that large rip up through 18 and into the 20's, it might be time to think about cutting your losses as we are nearing correction territory (10%).
Longer term players like myself have been buying up the metal for some time now. Unless you bought on the way back down from $50 you should be up right now.
Silver seems to be breaking down more than gold too. Could be that the gold to silver ratio (GSR) was getting a bit out of whack and that is why, who knows.
Gold and silver are fairly flat now overnight, but it wouldn't surprise me at all to see them get whacked Thursday and Friday. Me, I am holding tight, but if I were forced to trade I'd sell here and not buy.
