Tuesday 28 February 2017

Gold and Silver climbed across February

It was another bullish month for the precious metals, with Gold and Silver settling net higher for February by $42.50 (3.5%) to $1253.90 and $0.93 (5.3%) to $18.47, respectively. Near/mid term outlook remains bullish unless rising trend is broken that links the Dec'2016 and Dec'2015 lows. First big upside target is to break last summer's highs.


Gold, monthly



Silver, monthly



Summary

Suffice to add, it was a bullish month for the precious metals, which was especially impressive, if you keep in mind the USD, which saw saw a net monthly gain of 1.7% to the DXY 101s.

Dec'2016 saw a key higher low for Gold and Silver, now its a case of waiting to break last summer's highs. Things turn hyper-bullish with Gold $1400s, Silver $22s, and GDX in the $32s.
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yours...
   bullish the metals... and miners.