eddie321
2025-10-18

Gold to me is extremely stretched in my opinion after a 13 years break out that happened in 2023 .. I would choose silver instead , why is it so ? Backwardation for silver started on October 9 and history shows that it would increase at least 20% within 6-12 months with no decline in silver prices in the last 6 instances which gave it a 100% win rate ! Hope it helps the community, good luck to all!

Gold & Silver Slides: Safe-Haven Trade Still Safe or Not?
Spot Gold retreated sharply, falling over $40 intraday to around $4,585/oz after briefly touching a record high near $4,643. Stronger-than-expected U.S. PPI and retail sales data, alongside a lower unemployment rate, reinforced expectations that the Federal Reserve may keep rates unchanged in the coming months—pressuring non-yielding assets. The pullback highlights growing tension between gold’s geopolitical premium and macro data that argues for “higher for longer” rates. After hitting record highs, is this gold sell-off a technical reset or a trend reversal?
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