Gold and silver falls.
Stocks
The SPY, Transports and Industrials closed up. The primary and secondary trend remains bullish.
Today’s volume was higher than yesterday’s, which is bearish since advancing prices were not confirmed by expanding volume. The overall pattern of volume remains bearish, which suggest that a secondary reaction may be nearing.
Gold and silver
GLD lost 0.42 tonnes. Price must go up to stop the bleeding.
GLD and SLV closed down. The primary and secondary trend remains bearish.
GDX and SIL closed down. The primary and secondary trend remains bearish.
Sincerely,
The Dow Theorist.
