Downtrends in gold and silver are likely to extend with initial US inflation readings soft but the dollar does not show definitive weakness from that news.
In fact, further evidence of the negative bias toward gold and silver is the lack of support from a resumption of a falling US interest rate environment.
The bear camp should also be emboldened by the prospects of slumping Chinese physical demand as troubles in the Chinese economy (verified by continued weakness in Chinese equity markets and a disappointing new loan report) should crimp Chinese gold imports...[MORE]
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