Just the Beginning

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed)

At the moment of writing this article/idea our full net short position in gold , silver and mining stocks is well justified from the measurement of risk and reward
The precious metals market reversed and declined just as we had been expecting it to,and our current year's profit from our short position further increased but it seems that this is just the beginning,Today's idea will be rather short as our previous thoughts on precious metals sector is well up-to-date
Gold miners moved visibly lower yesterday and it seems that this fact confirms that the pattern remains intact. The implications continue to be bearish

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