Anniversary of the May 1st 2011 Silver Smash - Possible Long Opp

1 May 2017

Looking like we have some people who want to relive 2011. Gold opened up in the 1270 zone just to have it smashed all the way down to around 1263 last night. It is currently sitting on the bottom of the mid-term up channel from the beginning of the month. 1260 should be a good support zone as you can see here. This would be a good place to buy with tight stop losses. More downside to come if we break 1260.


Silver has lost about 25 cents from the time of this posting.