Mixed week for the metals

It was a rather mixed week for the precious metals, with Gold and Silver seeing net weekly declines of -0.9% and -0.1% respectively. Near term threatens some cooling, but broadly, Gold - and to a lesser extent.. Silver, look set for powerful upside across the spring and into early summer.


GLD, weekly

SLV, weekly

Summary

Suffice to add, regardless of any cooling across the next week or two, the precious metals look set for powerful upside this spring.

This is based on the core notion that equities will see renewed downside to the sp'1700/1600s, and the metals will catch an increasingly powerful 'fear bid'.
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*If the precious metals do indeed continue to broadly climb, the related mining stocks will naturally follow, even if the broader equity market implodes.