Overview
I have written several articles on the economy and the Fed recently, but I wanted to specifically focus on gold in this article. Precious metals have broken through important technical levels but look a bit overbought in the short term. Regardless, the recent weak economic data and dovish Fed would indicate gold and silver have the potential to finish the year significantly higher.
Price Action and Positioning
Gold and silver have rallied during the last quarter of 2018 and the beginning of 2019. The relative strength might indicate that a consolidation or reversal could