Weekend observations

Sunday 11 October Background Gold (pm fix $1151, Comex $1155) rallied during the week but remains in downtrend. However silver (Ldn fix $15.99) shows tentative signs of breaking out. Base metals remain in downtrends, even zinc (LME cash $1824) which rallied strongly. Crude oil (WTI $49.67) is still consolidating in a broad zone ($40-60). Likewise … Read more

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