Gold and silver (especially silver) have been swinging sideways in a narrow range for a long time. Historically, this is a medium term bearish sign for precious metals. It also suggests that precious metals are not on the verge of a new bull market https://bullmarkets.co/study-silver/
well, i think gold is at the medium term tops, the short in gold market is stronger than it in silver market, hence, there is a gold --silver arbitrage strategy: short gold and long silver in the same time
Seems to me like all the dips in gold are being aggressively bought up. they wont let it go below 1290 for almost 3 weeks now.
Those 2 statements are not mutually exclusive. Many of us predict markets every day. That’s what being a speculator is.