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przemyslaw-radomski

The 2018 Decline in Precious Metals

January 10, 2018, 8:20 AM Przemysław Radomski , CFA

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The precious metals sector moved higher in the first days of this year, but based on yesterday’s decline and the current price levels, 2018 is already a down year for silver and mining stocks. Gold is almost flat. This is a subtle clue that the rally may have already ran its course. The confirmation comes from what happened yesterday. Miners continued their decline, invalidating the previous breakout, while gold finally joined the rest of the sector and started its own decline as well. Is the rally indeed over?

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