After the market made a new all time high last Wednesday, a little consolidation came in while the market re-align itself due to the shuffling of the DJIA component and the rebalancing of SP500.
Gold & silver gave back most of their gains from the Fed no tapering announcement. They need to be able to hold support and bounce off the 50% Fib retracement in order to move higher. Otherwise, they could be headed down to retest the June low.
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Disclosure: No position in GLD, SLV.
