GLD, daily
SLV, daily
Summary
On what was an extremely powerful and bullish close, many might forget or not realise, that the metals actually opened lower, with Gold -$13.
The bullish engulfing candles on the daily charts are extremely bullish, and near term upside looks an easy prediction.
--
Despite the gains, broader trend - seen best on the monthly charts, remains to the downside. Metal bulls need 2 or 3 monthly closes in the Gold $1500s before they can get bullish about 2014/15..and beyond.
Regardless...an exciting day in the metals..and that had massive implications for the Gold mining stocks.
