Gold and Silver clawing upward

The precious metals of Gold and Silver saw net January gains of $64.80 (4.2%) to $1587.90, and $0.09 (0.5%) to $18.01 respectively. The m/t trend remains bullish, with multi-month price structure of a bull flag already playing out.


Gold, monthly1b

Silver, monthly1b

Summary

Gold: A second consecutive month higher, seeing a US/Iran spike high of $1613s, and settling in the $1587s. Multi-month price structure of a bull flag has been FULLY confirmed. Further upside to the 1650/1750 zone appears probable within Feb'/March.

Silver: A second consecutive month higher. Price structure of a bull flag has been PROVISIONALLY
confirmed. Further upside to challenge the 2016 high of $21.23 appears realistic within March/April.
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Any USD cooling would merely accelerate gold and silver upward. Further, any equity/capital market upset - whether about Corona, the Dem' nominee, or anything else, would also see gold/silver catch an extra kick upward.

If correct, mid/long term bullish implications for the related mining stocks.