Last week on this blog, and as recently as yesterday I posted to this blog that we should be expecting a US dollar rebound.
This morning in early trade, the US dollar is in fact trading higher (although this could turn as the day progresses) however, I still believe the dollar will trend higher here for a short period of time.
It also appears to me at this time that the paper derivatives of gold and silver, both SLV and GLD, are going to fall under pressure in the short run.
*There is generally an inverse relationship between what the US dollar does, and what the paper derivatives of gold and silver do.
Do you have my new "Rip System" for trading? How does the chart look to you??
Download The Rip System. Click here: http://www.lulu.com/shop/gregory-mannarino/the-rip-the-markets-face-off-system-for-technical-trading/ebook/product-23285099.html
One could capitalize on what I believe is going to be a fall in the price of SLV and GLD, by buying puts here.
Gregory Mannarino @marketreport
