One of the more interesting things that happened recently was the decoupling of gold and silver bullion from the equity market and the US dollar.
This is most likely an example of the primary trend reasserting itself after a short term period of artificial price manipulation for option expiration and the first week of the important December delivery at the Comex.
Another way of saying this is that in the short term markets often trade on ‚technical factors,‘ that is, one group of market players may take an overweight position, as we saw this week in the put-call ratio in stocks. So today we had a sharp short covering rally.
Nachrichtenspiegel 