Update (GLD) 2/08/2016

Just wanted to say something regarding the strength we see today.

The power of gold, silver and miners continues, and it’s best to wait for signs of a top before taking any short positions. Previous cycles have topped in similar overbought conditions but nothing is guaranteeing a top must come now.

-GLD- Today prices made a higher high above the October high (not sure what to make of that yet). IF prices selloff into the close this could be a potential top or the start of a pullback.1