Not really a big surprise with Jackson Hole going on. Let’s see if it’s just a pause before we pick things back up next week, nothing is overbought. The dollar hasn’t mattered that much during this uptrend in gold but now that it’s breaking down it would be nice to see the correlation work in our favor.
At least we didn’t hit a big round number and immediately get clubbed like a baby seal. Silver did ok thanks to today’s move.
Here’s the COT Report. Seems pretty normal.