Commercial traders are positioning for a decline during the remaining months of 2019 with a rapid rise in the price of gold to a peak of $1510.13 on August 7, 2019. This coming decline is expected to move the price of gold down to $1250 before continuing its long term move upward. The Dow’s decline will also affect silver. A move down to the $14.00 range for a very brief time during the stock market decline would be expected.
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