Gold holding above old broken support

The Gold ETF of GLD has broken above the 100 day MA for the first time since early November. Gold and Silver closed with net daily gains of  0.6% and 0.2% respectively.  Notably, Silver is still lagging, stuck under the old broken support.


GLD, daily

SLV, daily

Summary

Little to add...the weakness in Silver is something the Gold hyper bulls should still be mindful of.

Regardless of any further strength, I remain holding to broader mid term downside..with Gold 1050/950, and Silver 12/10, but those targets might take until mid 2015 to be hit.
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