Replies to post #5945 on The New CS Board

[ahimsak]

I do not think gold or silver bottomed today. I also see another day of downside, but it will not be big, mayber 1490 to scare enough people to set up a rally back to 1530, at which point the selling will intensify.

Just my thoughts, and what my trading plan is.

[YellowBull]

The negative news was yesterday which was the fed notes saying they may not continue QE. That's about the worst news for the market and why we saw the biggest sell-off of the year. But again, that news is going to be quickly dismissed as non-sense.