Once again the precious metals market is moving in a highly efficient EKG-like manner - this time to the downside. As the US markets awake, Gold has been hit with heavy selling, retracing all of yesterday's gains, and Silver the same after some overnight shenanigans as Europe opened. The fits and starts with which these markets trade is remarkable - yet we suspect tomorrow will bring even more. Notably this drop in the PMs is also accompanied by further weakness in Bitcoin, a sell-off in bonds and USD strength (the latter of which suggest taper concerns).
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and bonds are being sold...
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