The pounding in gold, silver and platinum continued Thursday, creating a reversal to the short side for gold and silver.
$1,800-$1,820 August Gold is our first resistance point and our first target down is $1,750.
As I have written before, although I am now short the futures for gold and silver, I maintain my long investments in physical.
The possibility exists that all those things can be true; however, it does not matter; price action still rules the day and no matter what, there must be a buyer and seller.