Even before today's session, gold market provided us with the confirmations that we were describing in today's and Friday's alerts - gold showed that after all, it wants to respond to USD's strength, even though it was the strength in the euro that accompanied gold's slide last week. Consequently, it does no longer seem that higher prices of precious metals are to be expected in the coming days. We are therefore closing the speculative long positions.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief, Gold & Silver Fund Manager
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