Look For Gold & Silver Bounce At $1900 & $22.00

The hard selling to begin August has created some ugly technicals that give us concern for the medium term.

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The hard selling to begin August has created some ugly technicals that give us concern for the medium term. In the very short-term Gold and Silver are getting oversold and approaching support levels at $1900 Gold and $22.00 Silver. Our hope is for a very strong rebound from that support. If that does not transpire, then the medium term risk is in play.

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