Gold and Silver prices are staging an impressive pullback. But strategists at TD Securities see timing selling exhaustion in precious metals.

Gold positioning set-up remains inconsistent with a cycle peak

“Without an additional macro catalyst, our positioning analytics highlight that selling exhaustion in precious metals could be imminent, barring a debt-ceiling catastrophe.”

“Gold prices are near all-time highs, but the positioning set-up remains inconsistent with a cycle peak.”

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