Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Loses Its Grip
October 9, 2024 - (Gold Market Wire) - Silver's move higher has started to reverse. We got stopped out quickly, and must re-group. Core remains unchanged.
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To be clear, this market is starting to take on the posture of one making an intermediate top. That could be pre-mature. Maybe it really is at $2700 gold, but the time to back off, take the hit and wait is now.
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The market is dislocated. If we get down to $29 we will buy some - but small.