Was filled overnite at $1293.00
Good Move. I cannot stress enough how important of a low we just made. if Oil is going to the numbers I have been talking about, Gold is going to also Fly. We could see Gold retesting the old highs at $1,900 quicker then most people here realize. My biggest regret is that my account size is not bigger so that I could have bought some silver. One day we will wake up and Silver is going to be $25 BID, and that will be the end of the Silver correction.
Silver is building a good tight spring $16.20 to $17.00. The spring coil will tighter and tighter,then breakout as you have stated. Probably a good option spread play in the near future.
There are a number of positive signs here for gold. One of them is the USD which on the one hour chart is in the process of creating a bearish divergence with the RSI, where it made a higher high then 4/21 but the RSI failed to. We are now turning down. On the 1 hour chart this will be confirmed with a tick below 93.75. We are currently 93.85.
It looks like GLD is about to make an ISLAND BOTTOM. And I'm on long on this Island. SWEEEET !!!!