Saturday 29 June 2019

Gold decisively breaks out

The precious metals of Gold and Silver saw powerful net June gains of $102.60 (7.8%) to $1413.70, and $0.77 (5.3%) to $15.34 respectively. The breakout in Gold is decisive, and offers soft target of psy'1500.

Gold, monthly1b

Silver, monthly1b


Gold has seen a decisive breakout, printing the $1442s, and settling in the $1413s.

Silver was clearly helped via price action in gold, although broadly, is still flat lining. Things only turn interesting with the $21s.

Both metals were helped via a cooler USD, swinging from the DXY 97s to the 95s.

The related mining stocks are naturally reacting.