Thanks to James Henry Anderson for hosting the weekly metals wrap at SD Bullion:
There is a sentiment indicator that exists in the precious metals world that can help us to find high-probability setups for major lows in the gold price – and it comes from the least likely of places: the junior silver mining sector.
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As President Trump prepares to nominate a new chair for the Federal Reserve this week, gold prices remain in a range bound consolidation. Not only has this grinding pattern been ongoing for the last several weeks, but when we examine the price chart for the last five years, we see that gold has essentially been flat as a net sum dating back to mid-2013. And indeed, to the mainstream investor who is primarily involved in a stock market now at all-time highs, gold appears of little interest at the present moment: