Powerful net monthly gains

February was arguably the most important month for the precious metals since the decisive break (April 2013) of the rising trend that stretched back a full decade. Gold and Silver saw net monthly gains of $116.00 (10.4%) @ $1234.40, and $0.64 (4.5%) @ $14.90 respectively. Near term outlook threatens a little cooling, before viable hyper upside this spring.


Gold, monthly

Silver, monthly

Summary

Suffice to add, we have clear breaks of the declining trend that stretches back to the 2011 highs

The US/world capital markets remain increasingly twitchy, and there is no doubt the precious metals are regularly catching a strong 'fear-bid'.

Near term threatens Gold $1180 or so... but from there... first upside target is the $1300 threshold.

Things only get 'real interesting' if Gold can soar to $1500 by late summer.

*whether Gold $1300.. or higher, the implications are very bullish for the related mining stocks.