King River Resources Ltd T.KRR.W

Trading Tomorrow & Friday Will Be Telling Re Gold’s Future

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(Kitco News) - “Gold and silver prices are sharply down in midday U.S. trading Wednesday, on heavy profit-taking from the shorter-term futures traders after gold futures hit a record intra-day high and silver hit an eight-month high on Tuesday. Strong losses in crude oil and other commodity markets today are also helping to pressure the precious metals markets. April gold futures were last down $53.40 at $1,989.80 and May Comex silver was last down $0.98 at $25.91 an ounce.

Key for the gold and silver markets will be if the bulls have the courage to step in and buy the big dips. One clue that market tops are in place in the gold and silver markets would be two strong down days in a row. Trading Thursday and Friday will be extra important in gold and silver, and the bulls need to step up and show some power to avoid serious near-term technical damage.”

https://www.kitco.com/news/2022-03-09/Sharp-downside-corrections-in-gold-silver-bulls-need-to-step-up.html