While the #dollar posted a fresh lower-low move early today the #gold and #silver markets are not showing initial bullish sensitivity to that development.
The bull camp should also be disappointed with the failure to see flight to quality buying interest in gold this morning after market concerns flowing from First Republic Bank news that deposits fell 40% in the first quarter which rekindles bank crisis concerns.
Another bearish force facing the gold trade today is a sharp 106,831-ounce outflow from gold ETF holdings yesterday which now puts holdings down 0.4% year-to-date...[MORE]
Please subscribe to receive the full report via email by clicking here.