Stephen Whiteside's Gold Trends Newsletter - Published - Friday, February 11, 2011, 8:00 am EST

Silver Shines. No follow-through for gold or gold stocks.

We still have both the commodities and the major indexes on buy signals, but unfortunately not only are we not seeing follow-through to the upside, were actually started to see some weakness in the major gold stocks.

Be prepared to take sell signals as they come up.  

A daily closed below $1339.36 would give us a new sell signal for gold.

A daily closed below $28.67 would give us a new sell signal for silver .

 

Breakdown points for the major gold indexes.  

Stocks in the sector already showing weakness.

Freeport is now on a sell signal. 

A daily closed below $15.98 would give us a new sell signal for Gold Fields.

A daily closed 6 cents lower would give us a new sell signal for Rangold.

A daily closed 2 cents lower would give us a new sell signal for Harmony Gold .

Kinross is now on a new Sell Signal.

These are just a few examples.

Stay tuned. I will be back with a video if the major indexes start to issue new sell signals. 

Stephen Whiteside      

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