December 27, 2023 - (Gold Market Wire) - Much as we anticipated, we have big year end shenannigins moving the market on the back of a weaker US Dollar. It looks like we will be pushed right to the resistance point, and maybe beyond, for the all important close on the final trading day of the year. Still, none of those considerations should impede the analysis that the monetary system is a big mess. That, the year end whipsaw is merely confirming. Silver is up against a decent challenge now:

The uptrend is in tact and the resistance line has set the challenge. A move through could get a lot of people to chase the market.

As readers here know - we are out of the position. We have no desire to participate in this end of year, run around. We want to see how the year ends first, and how Gold does. As we said before: "We could really just envision a massive run up now, to try and get the market to print at or near $2100 for the all-important year end close...just to watch the metals get crucified at the beginning of next year. There is something "funny" about the market proceedings and we don't like the posture."

‍We're printing 2081 in Gold right now, so that game could be in play.

The year end close and the month of January is going to be highly interesting. As ever, traders should be wary of a big price spike, and if length is held, some should be shed on the run up. Pigs get slaughtered and all of that.