Are Gold and Silver Nearly Done Liquidating

Are Gold and Silver Nearly Done Liquidating


So as we come to the gold, one of the things we talked about is could the market get back to fight a battle at the 18-week average. It hasn’t done it in a long time. You had to go back to last March in order to get where it did it before. And before then, a year ago – right here in the October time frame. And guess where you’re at tonight, you’re exactly at that number. So this is where I think the market’s first major support test comes in. Right now, right here.

You’ve had one heck of a break. Any way you want to cut it, $230 is a monster break in a market alright. The trend is clearly down – lower highs, lower lows. The market is now, tonight, back to the hundred-day average as well.

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