~*~Mining and Metals Du Jour~*~

[eik]

This article is in agreement with what I predicted:

Initial Reaction to The Comey Transcript Takes Gold Prices Lower
June 7, 2017 - 5:33pm by Gary Wagner

"Today the former director of the FBI, James Comey, released a written transcript of the prepared opening statement he will make tomorrow in his testimony to the Senate Committee on Intelligence. This seven-page document details the former director’s contact with President Trump, going over his interactions meeting by meeting, phone call by phone call.
...
Most noteworthy was an almost immediate devaluation of safe haven assets such as gold. Within minutes of Comey’s statement being released today, gold prices fell dramatically. As of 4 o’clock Eastern Standard Time, gold futures are trading at $1288.20, a net loss of nine dollars on the day.

While this could simply indicate that traders are pulling profits after witnessing gold prices rise roughly 5% in the last week, it is also possible that it is signaling the beginning of a correction, following a dramatic price rise from $1215 to the intraday high achieved in yesterday’s trading at $1298. "

https://thegoldforecast.com/video/initial-reaction-comey-transcript-takes-gold-prices-lower