kaltbaum premarket

Gold gapping down…so GLD will be below 50 day…take the small loss off probe position. SLV also gapping down but is above 50 day…use a break below $32 to sell. Euro wacked…unwinding last Friday’s half day move to the upside…thus metals hit. Remember, there remains a great case for gold to have a climactic run at the end of this big bull cycle it has been in…but no reason to own if it trades below 50 day as it cannot go higher when under.

 

Otherwise…futures down…and already the suspiciously called “follow through day” aint working. AAPL down $8 pre market as it tires after reactionary low…and still trades below 200 day.