Precious Metals

[gfp927z]

Gold + silver looking good, and breaking out :o)

The dollar broke near term support and looks like it might re-enter the broad trading zone it had from 2015-2021 (88-104). Right now it's at 105 and falling, so just above the upper boundary (104) of that trading band. Since the markets tend to 'look ahead' 6,9,12 months into the future, it could be anticipating the winding down of the Fed tightening and then eventual pivot (and a recession). In any event, looks like the lower dollar is helping the metals :o)



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