GLD, weekly
SLV, weekly
Summary
The precious metals are being pushed upward by a number of factors. First, there are the various geo-political concerns. Gold is always going to pick up a 'fear bid' on any kind of 'spooky news'. Just yesterday (April 12th), we had President Trump who was overtly calling for a weaker USD. By default.. a weaker USD is bullish for Gold and Silver.
It should be clear, the mid term trend - that links the Dec'2015 and Dec'2016 lows is comfortably intact. With the Feb' highs broken above, the door is open to Gold $1300s and Silver $19s in the near term. Things really get real interesting with a break to Gold $1400s and Silver $22s.
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If you've an interest in the precious metals... and related mining stocks, then pick up my latest report...
see: http://permabeardoomster.blogspot.com/p/research-reports.html
