As the dollar roller-coasters once again today, tumbling back down after surging in the pre-European overnight session...
Source: Bloomberg
Precious metals are strongly bid, with gold futs at $1870...
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And silver futs back above $24.50...
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As both gold and silver bounce off critical technical support levels...
200DMA for gold...
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Source: Bloomberg
And 50DMA for silver...
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Source: Bloomberg
And, as Bitch Gold Group reports, although gold has pulled back from its all-time high of $2,070 that was seen in August, many top banks and forecasters are calling for much higher prices as we move into 2021.
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