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Important Gold Chart Update

|Includes: DGZ, DZZ, SPDR Gold Trust ETF (GLD), SLV, ZSL

Sad, but true.

The above chart is an update to this posting.

Nobody has called gold and silver more accurately over the past several years than we have.

Our latest gold signal, via our subscriber-only "Trend Technical Trader" service, was to sell short on March 21st.

It's getting about time for a bounce in precious metals. Silver will eventually get to our target in the low-$20's. For starters.

Disclosure: I am short GLD, SLV.

Additional disclosure: Holding calls on ZSL that are now way in-the-money, as well as a hefty DZZ position.