Weekly Gold chart is almost reaching oversold conditions. We could see a bounce this week; however I would not be surprised if Gold were to Test $1180 uptrend support line this month. Rather than playing to bearish gold position (JDST & DUST); I'll be waiting for the correction to be over to enter in to Gold Jr and Sr minor positions.
Silver is also reaching oversold condition according to the weekly chart. There is no real clear support for silver. Going to be patient and wait to see where silver settles. Going to be adding a position in USLV. Last time Silver was near oversold conditions, USLV made almost 50 % gains off over oversold bounce.
