Name: Gold & Silver Stocks To Watch 01/17/2014 [HD]
Uploaded: 2022-03-22T17:31:23+00:00
Duration: 16 min 25 s
Description: The weekend metals analysis comes early this week. I discuss why SLV [$19.55] with a daily buy point at $19.68 and GLD [$120.77] with a daily buy point at $121 COULD trigger a short-term rush into the

2 years ago

The weekend metals analysis comes early this week.

I discuss why SLV [$19.55] with a daily buy point at $19.68 and GLD [$120.77] with a daily buy point at $121 COULD trigger a short-term rush into the metals. It could also be a well orchestrated trap so gold investors will have to be careful. My thinking is that this current move in gold/silver could be FAKE.

GDX [$23.34] with a daily buy point of $22.65, NUGT [$36.32] with a daily buy point at $33.37 and JNUG [$24.34] with a daily buy point at $21.26 are attempting to lead the way.

To confuse things even further the dollar or UUP [$21.83] is attempting to also breakout above $21.78 - a recent daily closing high.

One of these moves, as highlighted above, would be a trap for traders.

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