January 4, 2023 - (Gold Market Wire) - The Precious Metals are coming under pressure and resting against their support. They need to hold here, or we will commence a sell-off shortly.

Gold is barely hanging on:

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The recent Dollar rally has dented the Metals. Both Gold and Silver have a tough job to hang in there. We could be in store for a move lower. We have no trading position, so that is fine by us. On any decent move lower, we will be looking to establish length. In no manner do we think the Bull market is either dead, or ready for a serious retracement. This is a merely pullback to galvanize energy to move higher.

These types of tentative drawbacks are necessary to shed the weak length, who are always the fuel fr the next move up. The world geo-political, banking and monetary systems could not possibly be in worse shape than they are now. A regional war in the mid-east now looks in the offing, and the American release of the "Epstein Papers" will be highly damaging to the general confidence in government. The cracks in confidence can be papered over for only so long, before the walls come tumbling down.

We remain very bullish the market. But first - a move lower looks in the offing. It's all about getting the entry point right, for now.

Patience.