This is just a quick note to let you know that today’s move higher in the precious metals sector doesn’t change anything regarding the outlook. It’s likely an overreaction based on the upcoming comments from the Fed. It’s been the case more than once that PMs and crude oil moved initially higher before the FOMC meeting only to reverse and slide shortly thereafter. The medium-term trend remains down and the outlook remains bearish. Should something change, we’ll keep you informed via our alerts.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

Gold & Silver Trading Alerts
Forex Trading Alerts
Oil Investment Updates
Oil Trading Alerts