Precious Metals Sector Faces Challenges as US Dollar Rebounds

The technicals for precious metals were looking positive at the end of July, but since then, the bears have driven the sector lower as the US Dollar has rebounded.The S&P 500 has gained momentum after rebounding multiple times from its 40-month moving average, while Gold has again failed to break out from its bullish cup-and-handle pattern.

The vast majority of the duration of two secular bulls in Gold and Silver transpired during the secular bears in the S&P 500 .

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