GLD, weekly
SLV, weekly
Summary
Suffice to add...
Rates held. USD cools a little. Metals naturally inclined to rebound.
Cyclically, both Gold and Silver are on the low end of the cycle, and have viable upside into early 2017.
Friday, 23 September 2016
Gold holds support as rates held
With the Fed again refraining from raising rates, the precious metals rebounded, with Gold and Silver seeing net weekly gains of 2.0% and % respectively. Gold has importantly held rising trend, and the mid term outlook remains bullish.
GLD, weekly
SLV, weekly
Summary
Suffice to add...
Rates held. USD cools a little. Metals naturally inclined to rebound.
Cyclically, both Gold and Silver are on the low end of the cycle, and have viable upside into early 2017.
GLD, weekly
SLV, weekly
Summary
Suffice to add...
Rates held. USD cools a little. Metals naturally inclined to rebound.
Cyclically, both Gold and Silver are on the low end of the cycle, and have viable upside into early 2017.
