Sprott's Thoughts Precious Metals Market Commentary
Wednesday, December 14, 2016 at 07:18PM
Gold Prices

It’s been just shy of a month since our last “post-election” market update and given the recent developments across markets, it seems a pertinent time for an update regarding our thoughts on the precious metals market.

For those after the short version, the take home points are as follows:

Momentum is firmly to the downside in the gold price at present, but;

For those after some more detailed reading, see below for a more detailed analysis of the current setup.

Overview

Contrary to the pre-election consensus, Trump's victory has been negative for gold, at least in the short term. Since his election on November the 8th, price has declined from a peak of $1,336 to where it’s currently trading at $1,170 – a drop of $166 or 12.5%.

Since the election,


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