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  1. Silver headed for bear-flag breakdown; Gold breaks trading range

    by , 09-29-2018 at 04:51 AM
    Gold finally breaks tight trading range

    Gold was heading for its smallest monthly trading range since July 1996 at only 2.07% from low to high, but yesterday’s move edged gold out of the range. Nevertheless, it’s still been an unusually tight set of trading conditions, and with gold pushing down out of the range we should be in for vol expansion.

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    It’s possible this is a fake-out jab lower before reversing higher, but we’ll ...