Metals Market Update: A Pause that Refreshes

  • 1 Nov 2018
  • By The Hightower Report
  • Topics: Metals

We continue to think that gold and silver have forged very significant bottoms, but the recoveries of the last 2 ½ months are susceptible to corrective setbacks. Certainly, the prospect of safe-haven buying from worsening trade relations remains on the market’s radar, but bearish forces like another wave higher in the US dollar and a rising chorus of global slowing forecasts are likely to throw prices back toward the consolidation lows below $1200 in December Gold and to the $14.10 level in December Silver.

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The Hightower Report is a commodity research and information firm that caters to individual investors, brokers, commercial producers, and end users. The Hightower Report broadcasts daily in more than 45 countries and publishes its Newsletter twice monthly to more than 20,000 readers throughout the industry.