The Gold And Silver Selloff Is Gaining Steam

As we noted before, this isn’t a QE day. This is a “risk on” day, most notably evidenced by selling in the precious metals and Treasuries.

Gold is hitting it’s Tuesday lows. Silver futures are tanking, too, which is what’s shown here:

chart

And here’s the longer-look at gold futures showing the Tuesday lows in jeopardy:

chart

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