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Gold and silver remain weak

Commentaries & Views

Gold and silver remain weak on pathetic volume and lack of interest. Since gold and silver are popular assets, we will assume the weakness is due to underlying pressure and not a lack of interest. This appears to be a resting spot for gold and silver before they head lower once again.

The trend is lower; all rallies have been met with sellers or lack of buying interest. This can only indicate that the sellers are the strong hands for now and the downtrend will continue. Remember trends last until they don’t and gold and silver will once again find buyers when the price is right.

All markets and trends are built on the same premise: they go up and down, trend, consolidate. Many believe true price discovery is gone, but they would be wrong. Asset prices are always determined when a buyer and seller meet and exchange wealth.

We all know that asset prices may be inflated by the ridiculous policies of the FED. Some believe there is manipulation involved, which is possible. The common thread, no matter the circumstances, must be price discovery. The reasons are immaterial because there must be an exchange to determine the price.

Here is Saturday’s Recording of our Futures part time day trading webinar

Recording: Futures Part Time Day Trading

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.