Ding ding! Options expiry on Comex was 2 days ago... Silver began the the day before the monthly opex last Friday, so now the deep-pockets sellers have been satisfied.. ready for lift off.
Big Picture where rates and commodities are headed - Got Gold? Trade setup that has been guiding Gold higher.
Gold is headed to $1680 in October 2019... Gold stocks will confirm breaking out above overhead resistance congestion area.
This is the falling resistance (red line) that gold stocks need to overcome before they catch up with gold... gold is headed to $1700 in October 2019 once it closes above $1300 on the Daily, Weekly and next Monthly. And once it surpasses the $1360-$1380 overhead resistance area.
After putting in another bottom in August, Gold is breaking out to the upside. Will hit a high in early Feb consistent with its 1-year cycle.
Follow the trade negotiations - follow the Yuan - Trump wants a weaker US Dollar and a stronger Yuan = Yuan Up = Gold Up
US Dollar / Japanese Yen breaking trend line support