Metals remain more or less flat after the open. Miners are down slightly. The dollar is up 0.26%.
Stocks opened the day higher, and prices quickly reversed. We should see a pullback to fill Wednesday’s gap within the next few trading sessions.
Expect more volatility next week. It will probably take the markets a day or two to digest the election results. By Thursday (maybe Wednesday) we should know gold’s true direction. Will prices set another December low or will gold break its 7-year streak?
This will be my last update…unless markets shift significantly.
The weekend newsletter will be out Sunday.