GLD, weekly
SLV, weekly
Summary
Suffice to add... a third week of gains.. with Gold breaking back above the $1300 threshold.
Mid term outlook is very bullish... as the precious metals are broadly trading inverse to equities.
Friday 17 June 2016
A third week of gains
With US/world capital markets increasingly rattled, the precious metals of Gold and Silver saw net weekly gains of 1.8% and 0.7% respectively. Near/mid term outlook is very bullish, with Gold set for the $1400/1500s this summer/early autumn.
GLD, weekly
SLV, weekly
Summary
Suffice to add... a third week of gains.. with Gold breaking back above the $1300 threshold.
Mid term outlook is very bullish... as the precious metals are broadly trading inverse to equities.
GLD, weekly
SLV, weekly
Summary
Suffice to add... a third week of gains.. with Gold breaking back above the $1300 threshold.
Mid term outlook is very bullish... as the precious metals are broadly trading inverse to equities.
