I wouldn't worry too much about the drop in price of precious metals.
If you look at the premiums, you can see easily that the dealers aren't dropping their prices even though the paper price is dropping.
Surprisingly, the gold/silver miners did drop. I see this as a buying opportunity.
If you look at the premiums, you can see easily that the dealers aren't dropping their prices even though the paper price is dropping.
Surprisingly, the gold/silver miners did drop. I see this as a buying opportunity.
Shorters are at their highs, but I see that gold shorts have peaked.
Large commercials have started to lean to the long side. I'd say we are bottom fishing.
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