Metals markets pulled back this week as gold fell 6% and silver dropped to the bottom of its trading range with a 10% decline. Platinum and palladium both followed suit while also widening the gap between the two metals. The equities markets saw the S&P 500 take a minor hit dropping 1.5%. As often happens when metals dip, the dollar index crept upwards and broke above the 100 level. Despite the slide seen in the metals markets, they all remain within longer-term trends and this dip offers up a buying opportunity before the bullish trends continue. Thanks for listening.
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