Loading ...Interesting. Funny how that gold chart looks so much better than the silver chart. Gold still maintaining its uptrend that started back in late August and bouncing along the 20 ema. Silver, OTOH, much tougher to figure. I guess there’s a little bit of an up trend that started in mid – Feb. after the death drop earlier in the month, but nothing to hang your hat on. We definitely need to move up from here for that to stay intact.
edit: Nice to see we’ve recovered from the overnight losses. Hopefully we can hold some small gains. Silver definitely seems to want to hold the $80 area, We could use a break from the strong dollar and rates. What is Trump going to do now about rates? Fed meets next week and I don’t see how they lower rates with the way oil has blown up, although I wonder if they’re concerned with the private credit market.
OTOH, they might just pat him on the head and say “good boy you did what we asked and got us back into a war.”