What John Howell said in this video:
- Othernegative for stocksshort-termJunior silver miners (SLJ) look a lot weaker than the others, are now breaking down, and are likely about to fill the gap below.Source
- GLDbearishshort-termBased on the GLD chart, gold has broken below prior support and there is a lot more downside to come for the gold market.Source
- Othernegative for stockslong-termGold remains in a long-term bear market and has broken the level that could have started a bull market; if it breaks below the 4000 support, it will likely quickly move down to 3500.Source
- SLVbearishshort-termThe silver ETF (SLV) has broken its previous support level and is now in a downward phase.Source
- Othernegative for stocksshort-termSilver remains very weak, breaking down and rolling over, and there is likely a lot more downside ahead for the silver market.Source