Both metals are weak with silver being considerable weaker at this point forming a bearish flag that will likely result in a retest of the September lows. Gold is finding it difficult to break above it’s upper trendline and I think a quick trip to $1500 would go a long way to working off some of the overbought nature of the past few months, which ultimately will be better for this metal when it makes a run at $2k.

Current views: bearish on both


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