Gold & Silver Trading Alert: Gold’s Inconsequential Rally

Posted by PremPrzemyslaw Radomski - Sunshine Profits

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Briefly: In our opinion, speculative short positions (150% of the full position) in gold, silver and mining stocks are justified from the risk/reward point of view.

Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the long-term gold chart

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