Gold Prices Face the Wall

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Walls have been in the news a lot lately. Walls which may be built, walls which may not be built.

Yet for all the talk of walls these days, there is one wall that precious metals investors should be focusing on foremost. And no, it has nothing to do with the southern US border.

Instead, the barrier we are referring to is the wall of sellers who will be showing up in the precious metals as gold approaches $1,300 per ounce.

What are we referring to, specifically?

Let us examine the visible data.

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Silver Update: Recovery… then New Low Below $14

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Silver has enjoyed a modest recovery over the past six weeks, rising from a low of $14.00 in September to $14.70 as this article is being written. What is in store for this dual precious and industrial metal as 2018 closes out? Is there more upside to come or will the downward trend of lower prices from last summer re-exert itself?

Over the next several weeks, we see higher prices in store for silver. However, once this rally concludes, another down-leg should begin for gold’s cousin. Investors should monitor these trends closely as they develop and be prepared for a better buying opportunity early next year.

Let us turn to the visible data.

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The Gold COT Myth Debunked – Speculators Are Usually Right

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There is a fallacy now spreading throughout the precious metals world, and gold investors who believe it to be true will be making a costly mistake when attempting to navigate the volatility in this market over the next several years.

What is the fallacy we are referring to?

Gold’s Commitment of Traders (COT) Report, and the claim of the bullish setup that is being purported on account of the net long position by commercial traders and net short position by large speculators.

Indeed, not a week goes by that we do not see articles published claiming that this myth is in fact true. We will not name any names here in this article, because the fallacy is nearly universally believed, and a quick Google search for “Gold COT report” will reveal dozens of such misleading articles. The time has come to set the record straight.

Click HERE to continue reading the article for free on our partner site, Gold Eagle…