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Posted by Chris Vermeulen

Founder of TheGoldAndOilGuy. With more than a decade of extensive experience trading stocks, indices, ETFs, CFDs and Futures.

Live Video Analysis on Gold, Silver, Oil & SP500 – Trade Setups

by Chris Vermeulen on May 10, 2013

in Commodities, ETF, Stocks, Technical Analysis

Today could the be start of another leg lower in precious metals. Gold and silver are both down 2.5%. The bearish pattern on the daily chart which I have been talking about for some time looks to be starting.

Yesterday US dollar index started to rally and is following through this morning. A strong dollar is bearish for precious metals which has added downward pressure today.

This week Utility stocks and bond prices have dropped sharply. This is a warning sign that everyone is moving their money from safer/lower risk investments to that of higher risk. Greed is now controlling the herd and a top in stocks is lurking…


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Chris Vermeulen

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