While the dollar has retrenched from a fresh spike up new high for the move this morning, the bias in the dollar remains up to start today.
However, soft US housing data could provide a brief respite from the strong dollar for gold and silver longs this morning.
Unfortunately for the bull camp gold and silver ETF holdings continue to decline highlighting a lack of small investor interest in one niche of the metal markets.
On the other hand, Citi has doubled down on its bullish gold price forecast projecting gold to reach $3000 in the next 6 to 18 months...[MORE]
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