Gains to start the week

With equities starting the week on a down note (at least briefly), the precious metals jumped at the open. As general market sentiment calmed a little, the metals cooled, with Gold and Silver seeing net daily gains of 0.95% and 0.86% respectively.


GLD, daily

SLV, daily

Summary

The one notable aspect is the daily black-fail candle, and those rarely work out well for the bulls.

With Yellen due to speak to the US congress/senate this Wed/Thursday, there remains the very viable chance that today was the high of the week for the metals.

As ever..those black-fail candles are not to be dismissed lightly.