Downside Risk in Precious Metals

Source: Jordan Roy Byrne Published on Wednesday, February 5 2020
Related articles and keywords:   Precious Metals - Metals - Metal
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a new high.That non-confirmation has persisted and even recently as odds for rate cuts have increased. Las
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