Wednesday, March 15, 2017

What Is Happening In The Gold & Silver Markets Right Now Is Extremely Rare

“The Comex spot gold contract closed lower nine days in a row coming into trading today, Eric. That kind of selling pressure resulting in a consecutive 9-day unbroken string of down days is rare…

The net result is that gold was down 4.5% over this period. But fortunately, support at the $1,200 area has held, at last so far.

The selling pressure on silver has also been severe. Even though it closed lower on only six of those nine days, over this period it was down 8%. Silver is now trying to hold support at the $17 level, which is being severely tested."

- Source, James Turk via King World News