Time 10:26

Stocks: GDX, GLD, SLV

There is a major impulse sell signal on GLD, SLV, GDX. We can and should add to the hedge on the first rally on the 60 min. back up to resistance.

Trading Technique:

Once a stock is up 14% we look for the exits. As long as the stock continues higher it is OK to let it run, but when the 60 min. and daily sell signals go off together the momentum run is over and its time to take profits. If however, the stock is up 14% or there abouts and the 60 min. and daily look suspicious with the 60 min. definitely negative then we don't want to wait. Book the gains.