Gold ended lower BUT notice how much tighter the range has become.
The range is now between the LOW of $1874.20 per ounce posted on August 12th and the HIGH of $2024.60 per ounce posted on August 18th.
From tight ranges come big moves, the ultimate question is which direction the move will be either up or down.
Until either of these points are broken expect more of the same tightening of the range.
Silver's range is now between LOW of $23.58 per ounce posted on August 12th and the HIGH of $28.60 per ounce posted on August 18th.
The range for GDX (the miners) is between the LOW of $38.89 and the HIGH of $44.08.
Until the range breaks expect the precious metals to continue to tighten up until the market finds direction.
Peace out and Stack On!