I've watched the precious metals sector with interest for a while now and that move up has been tremendous, but it appears to me that we are setting up for a correction at this point. I've put a stop under my last trading position and am bracing for a pull back. I don't like new highs on lower volume. I'll likely look to start a short in GLD again as well.
As for the general market today, I believe there is a reasonably good chance that we have seen the highs for the day. I'm in wait and see mode.
As for the general market today, I believe there is a reasonably good chance that we have seen the highs for the day. I'm in wait and see mode.
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