GLD, daily
SLV, daily
Summary
Certainly, with the break above Gold $1300, market interest in the metals is increasing again.
Yet, Gold and Silver are still possibly within large bear flags, and even more importantly..both are still unquestionably below the old broken support.
*weekly charts are showing the turn even clearer, but the bigger monthly charts are still generally bearish into 2014/15.
--
The metals could easily rally for a few days, weeks, even a month or two, but baring a move above GLD 150, and SLV 25, the broad trend is STILL bearish.
Those in the gold bug community - still relentlessly calling a floor, need to see a good few months of upside before they have any real right to be confident about the outlook into next year.
