Gold & Silver Afternoon Update 11/13/2025 | The Bregar Minute
A challenging rest of the day for the precious metals as expected, but the selloff went further than I thought due to a constant barrage of hawkish Fed-speak hitting the wires. From Daly, to Hammack, to Kashkari, to Hammack again, Musalem, and to Kashkari round 2…all of them spewed unsubstantiated inflation fears as a reason to stand pat on rate policy next month. December rate cut odds collapsed to just 47% at one point, the S&P 500 tanked 1.8%, and the dumb gold algos followed by sell-stopping out thousands of contracts (basically anybody who bought the Bostic retirement rally yesterday, or the China / European rallies overnight).
It is imperative now in my opinion for the stock & precious metal market bulls to collectively protest this Fed manipulation by bidding prices back up overnight. The filling of Sunday’s opening gap for the S&P futures, and the fact that gold & silver are now clinging to their 55hr moving averages in the end today, offers some hope in this regard. Failure to quickly erase today’s move by this time tomorrow would be technically negative as it will look like another short-term market top has formed.
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