Why We Took Gains in Gold and Silver Earlier this Week

August 29th, 2013

by Chris Kimble

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Metals, Sector/Commodity Sentiment Extremes & Premium members added a little "Pocket Change" to their portfolios as they took gains in GLD & SLV earlier this week. Why take gains and add a little Pocket Change?

Both SLV & GLD were hitting important Fibonacci resistance levels after the large declines in 2013. The Power of the Pattern has been sharing with members for a while that the metals markets have been responding to key Fibonacci support and resistance levels. Members also took gains in GDX earlier this week. See why here.

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