Video Update

Video: Gold & Silver Face Weekly Resistance at $1980 & $24.50

Gold and Silver closed last week a tiny bit below respective weekly resistance levels at $1980 and $24.50.

The bearish take is miners badly underperformed Gold the last two days, which suggests Gold weakness is coming. However, on the contrary, Silver closed the week much stronger than Gold. That’s usually a good sign.

Our short-term bias remains bearish but we mention some bullish possibilities.

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