by Gerardo Del Real
Outsider Club
Gold remained range-bound, and saw a decline last week of 1.7%.
That was its first weekly loss in three weeks.
Silver — also range-bound — dropped last week by 2.3%, while the U.S. dollar had a weekly gain of 0.8%. Copper experienced the biggest commodity declines with a weekly loss of 3.7%.
The next few weeks will provide important price action.
Despite all of the positive publicity recently, gold has failed to break the $1309 level that technicians view as critical for a further rally.