Friday, August 18, 2017

Gold and silver pound on their hard resistance levels as $1300 and $17.50 ready to fall

In early morning U.S. trading on Aug. 18, gold temporarily crossed over the $1300 level as financial and geo-political events push the metal towards breaking its hard resistance level.  And while silver came close to $17.50 before pulling back, it will take little for both commodities to break through on the upside and open the door for much higher prices.

For the first time since early June, Gold has just broken back above $1300, continuing to mirror the ebbs and flows of USDJPY (which just snapped below 109.00). 
Gold is now outperforming The Dow year-to-date. - Zerohedge

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