The pullback that we've been expecting has begun in earnest but that doesn't mean its all bad and it certainly doesn't mean that we're now headed to new lows. So, come on in and let's discuss what will likely happen next.
We begin today with another updated look at the all-important USDJPY:
We then review these three charts of gold:
These two charts of silver:
And though it may not feel like it, the HUI was actually UP for the fifth week in a row:
Finally, we discuss the latest CoT: https://news.goldseek.com/COT/1456518756.php And these two charts which accompany it:
Have a great weekend!