While the dollar is slightly lower, US rates are slightly lower early and expectations for a pause by the US Fed next month expanded overnight gold and silver do not appear to be interested in a minor shift in outside market influences.
However, the December gold chart has a very uniform and entrenched pattern of lower highs and lower lows leaving the bear camp with a definitive edge from the charts.
Not surprisingly, both gold and silver ETF holdings posted significant declines yesterday as investors flee from instruments that have consistently eroded over the past 35 trading sessions...[MORE]
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