I would respectfully urge some caution to anyone thinking it a good idea to short gold currently. In my opinion the US dollar index is still is a firm downtrend and an aggressive one at that. All that has happened is a relatively small retracement from the (at current pace) oversold level of sub 92. It is my considered opinion that it will once again have reverted to a fair value level on this firm downtrend and when that occurs will continue the tempo in the downtrend once more. 93.5 or under could be the short term rally over with on the US dollar index. It could even finish up around current level… be careful.
This is more an opportunity to add to any precious metals holdings shares/physical currently. More a dip than anything else on a precious metals BULL market run.
