Silver, Any thoughts on how low gold gets in the current pullback? Thanks for any insights :o)
Chart-wise, the first support looks like 2500 (mid Aug / early Sept trading range), and next should be 2400 (April - July). The chart appeared due for a consolidation anyway, after it's big runup.
The US dollar surge looks like the key driver behind gold's drop, would you agree? And the tariff issue is driving much of that, as % rates climb back up under the assumption that the Fed will need to slow their % cuts, or even prematurely abandon cutting altogether. There's nothing like 60% tariffs to throw a wrench into the Fed's gears. It seems like as soon as one uncertainty is resolved (the election), we have a dozen more to replace it.
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