David Erfle - Gold Market Commentary – Fri 15 Jun, 2018

The Precious Metals Bull Trap

With everything getting hit today but gold and silver really dropping David Erfle, The Junior Miner Junkie shares his comments on the metals bull trap. So many of the PM bulls were encouraged yesterday with the small move up by gold and silver in the face of a pop in the USD the bullishness is off the table now. We look to some lower targets and assess how the stocks are reacting.

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Comments:
  1. On June 15, 2018 at 12:16 pm,
    Markedtofuture says:

    Gold & Silver Monkeyhammered Below Critical Support On Massive Volume

    Silver is even worse – crashing 4%, back below $17 after a huge week of outperformance.

    In fact Gold has fallen to the same level it was at right before its spiked on Trump’s election…

    https://www.zerohedge.com/news/2018-06-15/gold-plunges-most-trumps-election-6-mo-lows