With the dollar bulls surviving and then thriving in the wake of a pause by the US #Fed and a downside breakout in US initial claims yesterday the uptrend in the dollar looks to expand.

Furthermore, given the bearish addition of a significant leap in US interest rates the path of least resistance in gold remains down.

However, the divergence between gold and silver makes us suspicious of the rally in silver which could result in a short sale opportunity if December silver reaches $24.25...[MORE]


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