Gold, monthly1b
Silver, monthly1b
Summary
Gold: the second net monthly decline of three. Price structure is a bull flag, and would be fully confirmed with a break above the Sept' high of $1566.20. New historic highs look very viable in second half of 2020.
Silver: the second net monthly decline of three. Price structure is a pretty clean bull flag, and will be provisionally confirmed with a break above the Sept' high of $19.75. Big target is the 2016 high of $21.23. Any price action >22.00 in 2020 would be exceptionally bullish for the mid term.
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Related miner implications: If the bull flags do play out in Gold and Silver, the implications for the related mining stocks should be clear.
