Tuesday, October 18, 2011

Gold Daily and Silver Weekly Charts - Metals Hit By Bear Raid Then Recover On Rumored Euro Deal


If you had a calm trading day today then you probably were not trading.

Gold and silver were smacked down fairly hard in a two step operation around the NY open this morning in a blatantly obvious bear raid. Stocks also sold off quite sharply.

But then the markets started to recover, if one knows what to look for. I responded by taking down my short stock positions, and added substantially to

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