Gold, weekly
Silver, weekly
Summary
A fifth consecutive net weekly decline for Gold and Silver, the most bearish run since late 2015, just before Gold/Silver floored.
The Silver weekly candle even highlights what was an effective flash-crash on Friday. Unquestionably, a large part of it was technical, as the Dec'2016 was broken, that will have initiated a great number of mid/long term trading stops.
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A special highlight of the bigger monthly cycles...
Gold, monthly1c
Silver, monthly1c
Suffice to add, Silver is leading the way lower... gold can be expected to follow.
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As ever, extra charts on the metals... and other things @ https://twitter.com/permabear_uk
