Just as we predicted, precious metals are
setting up another extended momentum base/bottom that appears to be aligning
with our prediction of an early October 2019 new upside price leg.
Recent news of the US Fed decreasing the Fed
Funds Rate by 25bp as well as strength in the US stock market and US Dollar as
eased fears and concerns across the global markets. These concerns and fears are still very real
as the overnight credit market has continue to illustrate. Yet, the precious metals have retraced from
recent highs and begun to form a momentum base which will likely become the
floor for the next move higher.
(more)
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