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Silver Price Behavior in the Upper 20s
Gold price touched its 61.8% Fibonacci retracement, just like before. But white metal’s history is also rhyming. Let’s start with a quick note regarding gold. Namely, nothing changed. Just as I had explained previously, a move to the 61.8% retracement in gold is a completely normal phenomenon and yesterday’s slide as well as today’s lack of meaningful action are in tune with the past tops in gold. Gold just jumped to its 61.8% Fibonacci retracement. On a day-to-day basis, we just saw a sizable, two-day rally that might seem like uptrend’s continuation. BUT. This is exactly what used to happen multiple times ... (full story)