Gold's Symmetric Triangle

 | Aug 19, 2016 10:25AM ET

Well, it’s nice to see some red on the screen, although I’m far too cynical to think a single red quote will stick until the day is over. I will say, however, that precious metals are particularly vulnerable right now (and even more so, the miners). If gold breaks its symmetric triangle, shown below, the weakness we’ve seen lately will accelerate.