As always, charts lead events.

What is this chart foretelling for next week’s FOMC meeting?

https://tinyurl.com/8kwryz8u

Gold is rebounding repeatedly intra-day from the 2020 level.

One thing is for sure: there’s a lot of buyers lining up for this year’s sellers during “tax loss silly selling season”. I’m eyeing many juniors. Even if I have to cost average up.

For silver, the level is 26.50 for a monthly/quarterly/yearly close.
I think the most recent smash-down from the all time highs for gold is a setup to have as few bulls on baord for the ride, when silver takes out 24-25-26 in the next 2-3 weeks, while gold underperforms silver, %age wise.

GL