Jordan Roy-Byrne, Founder of The Daily Gold shares his thoughts on the overall market for precious metals. He points to a lack of support in the CoT reports for gold as the price was moving down and broke $1,300. This week’s CoT will be important to watch. We also look at the SIL and SILJ charts. These are some weak looking charts which should be a concern for the silver market in the short term.
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Click here to visit Jordan’s website for some more level headed metals commentary.