You may be wondering why gold and silver moved higher today. Here’s likely why:

https://finance.yahoo.com/news/feds-kashkari-sees-no-interest-rate-hikes-172943927--business.html

“Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that he sees no need to increase U.S. interest rates (…)”

The investors panicked thinking that this changes anything. But it doesn’t. Mr. Kashari is not a voter, which means that his opinion is not likely to change much.

Consequently, today’s rally is likely not the start of something bigger but a fake move that is likely to be reversed shortly, perhaps even today. The bearish outlook remains in place for the following weeks.

As always, we’ll keep you - our subscribers - updated.

Thank you.

Arkadiusz Sieron, Ph.D.
Sunshine Profits‘ Gold News Monitor and Market Overview Editor

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