The safe-haven gold market has been trading sideways recently, amid the keener risk appetite in the world marketplace that is keeping more assets flowing into equities and less into safe-haven assets like gold and silver. Still, it can be argued that the gold market bulls have fared pretty well by trading sideways amid an environment that has very little risk aversion. Also, the much quieter trading action this week has produced a “collapse in volatility” on the daily chart, which does suggest a bigger price move is coming very soon. Stay tuned!–Jim
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