Increasing disparity

The disparity between the two main precious metals continues to increase. Gold and Silver saw net weekly changes of u/c and +4.4% respectively. Near term outlook remains choppy - especially for Gold, but mid term outlook is strongly bullish, even if the USD starts to strengthen toward the DXY 100 threshold.


GLD, weekly

SLV, weekly

Summary

With continued increasing confidence in world capital markets (call it 'stupid overly complacent' if you like), Gold has lost a little more of its 'fear bid', that resulted in an effectively flat close.

Silver - which (generally) has less of a fear bid to lose, was thus less inclined to fall. Silver - along with the general commodity complex, saw rather strong gains this week.

Indeed, Silver was higher for a third consecutive week, back to levels last seen in May'2015.
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*broadly bullish the precious metals... and by default.. the related mining stocks.