Ok, if you look here, everytime we breach the upper band of the Bollinger band we pullback .Now the last few times we have bounced off the 10DMA and as you can see we closed above that today. We might have another day around this level tomorrow, I don't think todays move is news related, more technical.Trend is intact with HHighs and HLows. Currently gold and silver are down a little. With FOMC over, which is nearly always tough few days for precious metals, we need to wait another week so July silver futures contracts on the COMEX get cleared. I believe July will be the month of Silver…
Fed’s interest rates mean nothing for gold. Gold has been rallying on the back of rising yields for the past 1.5 years. Correction in gold will be over soon.
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