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GLD and SLV look to be filling unfilled GAPS along line (1).  With the Euro hitting resitance (see Euro resistance) and these ETF’s filling GAPS, a break of support could see them decline in price a good deal!  If long either of these two…best protect values.  If aggressive, a decent place to enter a short with a stop just above (1).

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past