Gold (GLD) and Silver (SLV) update…

Posted by Chris Kimble on 09/20/2011 at 1:25 pm; This entry is filed under gold, silver.

Many viewers informed me they harvested Gold (GLD) positions due to the quiz (see quiz chart) and many took positions to score on defense on the flag/OBV breakdown in SLV (See post here).  I have received a large number of emails asking to update these patterns...

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For those that own ZSL due to the flag/OBV breakdown, this pattern still looks favorable, as SLV looks to be creating a series of lower highs at (1). Patterns in JJC/FCX continue to look weak and could impact SLV.  Would remain short SLV unless if finds a way to break above resistance.

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