Just a quick note to let you know that, in our opinion, the fast move higher in metals right before the market’s open does not change the outlook for the precious metals sector, which remains bearish. The move can be attributed to the decline in the USD Index and the latter may already be over or close to being over. If anything changes, we’ll keep you informed.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief
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