20 June 2016

Gold Daily and Silver Weekly Charts - Two for Flinching

The 'tell' today was that silver never really faltered, even though gold was hit early and a bit hard, down about 30 at one point from the Friday close at around 1299.

The net longs on the Comex in gold are at record highs, so a few gut checks might be in order to shake out the weak hands.

Let's see what Janet has to say to the Senate in her annual testimony this week.

And of course, there is the Brexit vote on Thursday.

Have a pleasant evening.