Bears Wake Up as Gold and Silver Down

Gold, Silver and the Miners all closed down for the day with silver being mauled.

One day after regaining the $1900 per ounce level gold gave way today.

Silver looks very vulnerable after being mauled by the Bears today.

The minders, GDX, seem to be working off an oversold market. The 100 day moving average did provide support today.

Nothing on this chart screams "buy me"! Everything says cover your shorts!

Caution remains the word of the day.

Peace out and stack on!