Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SLV:GLD Sharp Drop

|Includes: GLD, iShares Silver Trust ETF (SLV)

SLV:GLD saw a sharp drop today. There was rumor that a hedge fund was under margin call and liquiditaing their gold holdings. Nonethelss, it appears that the technical resistance of the range is working.