Gold & Silver Commentary

The gold and silver charts looks ugly BUT the price of gold and silver is just around the 50 weekly moving average and some horizontal support. Fundamentals still in place. I think that the market is saturated with short side speculation. Long term conservative investors and physical buyers should use the opportunity and increase their regular purchases. See previous posts for relevant Fibonacci levels , take a look at CRB, CCI COMMODITY INDEX and Gold Indices - XAU , HUI - Fibonacci update