
For all you precious metals fans, sorry I missed a counter trend bounce signal for the iShares Silver Trust (SLV) on 10/16/13. I saw it on Friday (10/18/13) so the chart is marked as such. Sentiment for Randgold Resources (GOLD) issued a counter trend bounce signal at the close on Friday (10/18/13). Sentiment generated from the Twitter stream has painted a positive divergence with price as it made a lower low and has subsequently broken the down trend line that was confirming the move into the last low. The fact that both SLV and GLD are issuing counter trend bounce signals adds a bit of weight to the possibility for a bounce in the entire precious metals space. As you know I don’t like to trade stocks in a down trend. For those of you that do please be aware of one thing. Although the counter trend bounce signals in the precious metals have almost always seen higher prices after the signal. Most of them were failures over the course