We believe it is now justified to hedge or sell at least a part of one's long-term precious metals investments. The move back above the declining support/resistance line failed and gold is clearly below it ($1,550 at the moment of writing this alert). Moreover, stocks moved lower and they are now below their own long-term support line, which is bearish.
Additionally, opening speculative short positions in the precious metals appears justified as well. Be sure to use only a small amount of capital for it and we suggest putting a stop-loss order at $1,585 in case of gold.
We will start writing another message to you with details after sending this one.
Thank you.
Sincerely,
Przemyslaw Radomski
Przemyslaw Radomski
