We have a downtrend just resuming after a pause where we wanted to see the PM’s world react positively to recent FED comments and instead failed to go over resistance points of 1350$ and 21$. After that I was worried that we would correct back toward support levels and that the metal sector in general was running out of gas. Palladium failed to move over 750$ after briefly flirting with the resistance. The majority of moneys are still into equities and such, and in a season typically very slow for gold and silver we couldn’t expect much action. Europe also coming out with more positive news out of the main engine Germany. BOE still faithful to the ultra-low interest rates policy. US $ index a little lower, oil still in bullish posture. Physical market quite calm today and premiums stable. Numismatic $20 pieces of pre-1933 gold still suffering. More updates coming at the end of the day, hopefully with more action involved. Metals coming up very moderately after a beginning in red. Soon more news from the field, ciao.
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