GLD, daily
SLV, daily
Summary
Suffice to say... one sig' daily gain does not break a primary down trend.
The $1000 threshold for Gold still looks due this spring/summer... even if the USD decline to DXY 92/88 zone by late summer.
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Wednesday, 18 March 2015
Metals ramp on USD weakness
With the US Federal Reserve a little closer to raising US interest rates, the USD saw significant weakness. The declines really helped inspire the precious metals, with Gold and Silver settling higher by 2.0% and 3.1% respectively. The broader trend remains bearish though.
GLD, daily
SLV, daily
Summary
Suffice to say... one sig' daily gain does not break a primary down trend.
The $1000 threshold for Gold still looks due this spring/summer... even if the USD decline to DXY 92/88 zone by late summer.
--
GLD, daily
SLV, daily
Summary
Suffice to say... one sig' daily gain does not break a primary down trend.
The $1000 threshold for Gold still looks due this spring/summer... even if the USD decline to DXY 92/88 zone by late summer.
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