Gold and Silver settle 2018

The precious metals of Gold and Silver saw net December gains of +$55.30 (4.5%) to $1281.30, and +$1.32 (9.3%) to $15.54 respectively. For the year, Gold and Silver saw net declines of -2.1% and -9.4% respectively.


Gold monthly

Silver monthly

Summary

Gold: a third consecutive net monthly gain. MACD (blue bar histogram) cycle ticked upward. At the current rate, price momentum should turn outright positive by late January/early February. Things only turn decisively bullish >1400. If seen, it'd offer an eventual challenge of the Sept'2011 historic high of $1923.70.

Silver: a very powerful net monthly gain of 9.3%, although broadly.. Silver is struggling with most other commodities. Things only turn decisively bullish above psy' $20.00, and that is around 33% higher.