Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns. Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s emotions and prepare them for the next moves. When prices move far and fast, it “seems” and “feels” excessive and out of order. But when prices stay there for a long time, what seemed excessive, starts to feel normal. And from those levels (and from this approach / feeling) a new price move can emerge – one that would make prices excessive once again, and thus another break ... (full story)