Here we go again, Gold and Silver have reached a decision point, they can reverse the trend and start heading up or they will fail at these levels and head much lower. We are short and still sellers until our model turns positive.
The overall trend is still bearish, with a negative key reversal for the month of November adding more fuel to the fire. 1840 February Gold and 24.5 March Silver are the key levels to watch. They will have to close above those levels for a reverse to the long side to even be considered.
Our bearish stance remains until there is proof of a change. We remain bullish Platinum and looki9ng for a big up move. Obviously we don’t make predictions, every decision is based on facts of math and our algorithm. Our only view here is the rally will fail, but we are watching.
