GLD, daily
SLV, daily
Summary
*I'll post the monthly charts tomorrow.
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Suffice to add, a powerfully bullish day for the precious metals.
Reasons for the ramp?
1. USD weakness
2. Fear-bid, as US/world capital markets remain broadly upset
3. Technical, as we have a clear multi-year break... leading to renewed interest.
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*I will strongly consider going long GLD on the next pull back... that might take 4-7 days to complete.
Next big target for Gold is the $1300 threshold.
