Gold and silver pullback?
M2 Money Supply fell 2 weeks in a row for the first time this year:
Many gold and silver bulls base their bullish case on the thesis that government stimulus should boost hard assets and hurt fiat currencies. When money supply dropped 2 weeks in a row for the first time in more than 30 weeks, gold usually pulled back over the next 2 months:
Similarly, silver almost always pulled back over the next 1-2 months:
