The #central #bank left #interest #rates unchanged and continued - TopicsExpress

The #central #bank left #interest #rates unchanged and continued to cut the #quantitative #easing program, by another $10 billion a month, as was expected (all in all, nothing really surprising happened). In response, #gold and #mining #stocks plunged and #silver declined a little. Taking profits off the table and closing the very short-term long positions turned out to be a good idea as the sector declined visibly in the final part of the session. With the breakdown below the May lows being confirmed, will we see further weakness?

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