It's amazing how similar or correlated products cab really trade in opposite directions. Gold and silver are doing just that. Although they look similar in the charts, silver is in an uptrend as gold remains in a downtrend. This morning both are lower.
Here is the place you make the key decision, are you trading metals or investing? If you are trading, you should not be long gold; however, if you are investing, this is probably a spot to add on. This is a decision that is based on money. If you can hold and not panic, buy the physical metal. Precious metals should be owned on a physical basis with capital that is not needed tomorrow or anytime soon. Trading should be done with paper, knowing that we can trade either side without emotions.
Source: News Formal (newsformal.com)
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