The precious metals are off overseas overnight, but not by as much as they had risen Monday. The Monday 11/14 support has held for the miners, and there’s a 2/5 gap that was filled, and then became support, for gold. I had said that would be a bullish development, and miners will lead to the downside in a truly bearish market environment. But, instead, they’ve been holding up considerably better. We can’t count metals out yet.

Harold

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