GLD, weekly2, rainbow
SLV, weekly2, rainbow
Summary
Gold remains stronger than the more volatile - and industrial metal, Silver. It would seem that in any future 'currency worries' moment, the flight to safety will most definitely be to Gold.
The underlying MACD (green bar histogram) weekly cycle looks very much like its levelling out. Although its still very much in negative territory, but we might see the first up tick next week..
Key levels in the mid-term
GLD, >170, and then 175. A break over 175 opens up a challenge of the all time high..and the giant 'Gold $2000' threshold.
SLV, >34, and then 40/42. It would seem very difficult for Silver - unlike Gold, to break to new historic highs this year.
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As ever..physical metals remain the ultimate personal insurance against the printing of the central banks..and indeed..the reckless over-spending policies of most national Govt.
