Today could the be start of another leg lower in precious metals. Gold and silver are both down 2.5%. The bearish pattern on the daily chart which I have been talking about for some time looks to be starting.
Yesterday US dollar index started to rally and is following through this morning. A strong dollar is bearish for precious metals which has added downward pressure today.
This week Utility stocks and bond prices have dropped sharply. This is a warning sign that everyone is moving their money from safer/lower risk investments to that of higher risk. Greed is now controlling the herd and a top in stocks is lurking…
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