An extremely quiet overnight session in the Far East and Europe as the price of both gold and silver seen virtually unchanged. Very few Gold traders around today and the ones that were are reporting that by noon they will close their books for 2016.
No surprises the gold ETF, overnight saw more redemptions. My Technical charting friends are nowhere to be found today as without any movement in the market place they decided to start their holiday early.
Check out the my look back at 2016…then look for my comment on Wednesday to share our outlook for 2017. Here’s a sneak peek, I expect a slow start to the year and then the precious metals market will heat up in the second quarter. Stay tuned on Wednesday to read why I believe that will happen. In the meantime:
Have a wonderful New Year.
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