Morning everyone....
Only a little over an hour into the market opening, and already gold is getting clubbed to death.
Gold is down over $13 already, which is quite a substantial amount considering the short time frame.
Silver is barely down for the moment, but will be dragged down further if gold continues its spiral down.
Here is the current Kitco screenshot...
If the financial gurus are correct, gold could break into $1,600 territory this week. They are also saying that silver will be sub $24 at close by Friday.
While I understand that the yields have an effect on the precious metals market. How does the fact there’s not really any quantities of physical to buy not have the same affect on the market?