The big question for the gold trade now is will the tensions between Israel and Iran cool and temporarily end the potential for sudden massive geopolitical-inspired flight to quality buying?

While not a major bearish development gold and silver ETF holdings continue to decline with the declines in gold and silver ETF holdings very significant yesterday (Gold -218,995 ounces & Silver -6.3 ml ounces).

Even the technical picture has shifted in favor of the bear camp with the overnight spike-up move squarely rejected...[MORE]

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