Friday, 16 February 2018

Gold and Silver climbing

The precious metals of Gold and Silver saw significant net weekly gains of $40.50 (3.1%) to $1356.20, and $0.57 (3.5%) to $16.71 respectively. Near term outlook offers further upside, not least if the USD fails to hold the key DXY 88s. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.

Gold weekly

Silver weekly


Suffice to add, a bullish week for the precious metals of gold and silver. Gold remains notably stronger than silver.

Best guess: a spring/summer upside break, with Gold >$1400s, and Silver eventually following >$22s.

Yours truly believes 'Mr inflation is out there'.