While bearish outside market forces are not presenting significant pressure on gold and silver prices, early on those forces remain and are likely to expand their impact directly ahead.
Unfortunately for the bull camp in gold and silver treasury prices are just above new lows for the move and the dollar index in the early trade matched the multi-month high posted yesterday in the overnight trade.
Internal market forces like demand are mixed with gold and silver ETF holdings falling significantly (especially in silver) and Chinese gold reserves at the end of August increasing from 68.6 million ounces to 69.6 million ounces...[MORE]
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