Actually, it’s been a pretty good day for gold, silver, and the other precious metals.
There was a bottom of some kind right at the turn of the year. It’s hard to be sure, and there may be another pullback going into this spring, but I think we may be getting a bottom here, after two years of pullback.
The trader statistics are positive, with speculators and small traders going short and the big guys mostly out of their shorts, which they’ve been playing for quite some time.
My guess is that we’ll continue up further for a couple of weeks, pull back some, and then sometime this spring develop a long-term bull market. But that’s just a guess.
DYODD. Do your own due diligence.
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Gold is still down:
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