It seems that there a perfect storm brewing for the metals and it has caused what most are calling a near term “corrective phase”. Both metals had been red-hot and setting new all-time highs.
By my view, one positive for the longer term picture surfaced in the trenches a couple of weeks ago when many big fund manager’s sentiment turned short-term negative. While there remains a ton of long-term bullishness, the near term will most likely remain on shaky ground according to a survey taken today of bullion dealers, investment banks, futures traders and technical analysts……………………………………….Full Article: Source