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Dow Theory Update For July 15: Primary Bear Market For (Paper) Gold And Silver Signaled Today

|Includes: DIA, GDX, GLD, IYT, SIL, SLV, SPDR S&P 500 Trust ETF (SPY)

I don't have much time to blog today. However, take my word for it: GLD by violating March 17, 2015 closing lows has signaled a primary bear market today.

Thus, the entire precious metals universe (and their gold and silver miners ETFs) is in a bearish mode.

The primary trend for stocks remains bullish, albeit the set up for a primary bear market has been recently completed, as explained here.

Sincerely,

The Dow Theorist