Gold Market Newsletter - Gold Remains Defensive
Gold closed down $2.20 today at $1,698 continuing to struggle at a ninemonth low. It appears that the bears hold all the cards, but my sense is that this market is oversold or close to oversold. And I would look carefully at the numbers next week for signs of a tiring bear. Last Friday gold closed at $1,728.10 so on the week the market is off $30.10. Down for sure but not enough down to do more than further encourage the physical market. Look for bullion delays of four plus weeks in some gold and silver products, especially 2021 gold and silver eagles from the
Source: coinweek.com