Jun 16

Weekend Outlook for 17th June 2013

Markets had a very choppy week , moving up in wild swings up and down , but overall ending a little bit down for the week.

Markets has been testing the MA50 now 2 times and usaully if we go down and test it the 3rd time we get a “flush” down and a big sell off , this is my believe we will do soon and go below 1600 on SPX.

This would most likely mean that gold/silver would spike higher and so would gold/silver miners too.

I’m currently only short mkts and long gold miners , this is imo the best bet short term to do. I believe if markets is selling off more , gold and silver could spike + we got Bernanke on the stage Wedneday , he has been gold/silver friendly lately.


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