With a weaker US dollar and an initial higher high for the move in Bitcoin, outside market forces favor the bull camp in gold and silver.

Certainly, gold will continue to draft support from the long list of flight-to-quality issues, but signs of an overbought condition in the Indian gold market is concerning.

With growing concerns of exploding gold loans, the Reserve Bank of India has instructed the country's largest gold loan non-bank finance company to halt fresh gold loans, and there are reports that Indian buyers are experiencing price shock...[MORE]

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