Here comes your daily gold and silver buying opportunity as the cartel drops the hammer on the metals.
After gaining nearly 2% overnight and in early COMEX trading, both gold and silver have just been beaten back via waterfall declines to unchanged on the day.
After clearing $29 in early COMEX trading, silver has been hammered back to $28.59:
After trading nearly to $1590, gold has been sent back to unchanged on the day to $1574:
At this point, a trip down to test long term support at $26 in silver and $1500-$1530 in gold cannot be ruled out. Such a dip would likely shake out the last remaining weak hands, and complete the 24 month consolidation base in gold and silver.