Bears Wake Up as Gold and Silver Down

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Screenshot_2020-09-30 grizzly bear Meme Generator - Imgflip.png

Gold, Silver and the Miners all closed down for the day with silver being mauled.

Screenshot_2020-09-30 Gold Futures Price - Investing com.png

One day after regaining the $1900 per ounce level gold gave way today.

Screenshot_2020-09-30 Silver Futures Price - Investing com.png

Silver looks very vulnerable after being mauled by the Bears today.

Screenshot_2020-09-30 Gold Futures Chart - Investing com.png

The minders, GDX, seem to be working off an oversold market. The 100 day moving average did provide support today.

Nothing on this chart screams "buy me"! Everything says cover your shorts!

Caution remains the word of the day.

Peace out and stack on!

Bears Wake Up as Gold and Silver Down | Ecency