Strong weekly gains

Whilst the broader capital markets saw something of a mixed week, the precious metals saw broad strength. Gold and Silver had net weekly gains of 2.7% and 4.3% respectively. Despite the gains, the broader trend remains very much to the downside.


GLD, weekly

SLV, weekly

Summary

Little to add. One up week does not a broader trend break!
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Holding to primary targets of Gold $1000.... if not the 900/875 zone in late summer of this year.

From there.... seeking a key multi-year floor... before a grand ramp to $2500 by 2019/20