Gold Weekly: Weekly Gold history still appears congestive. This ‘Kindling’ is waiting for a ‘Match.’ Why hasn’t Ukraine, or Inflation or… lit it yet? Rationality is often a ruse. It can go ‘Up’ at any time. Price Behavior tells its ‘Truth’ whenever it wants to. The timing pattern is ripe again for another rally. Buy it now and Sell it in September
GDX Weekly: Gold Stocks broke down hard into great support. Yes, gold stocks are stocks, but they are the place to be. This area has both profile strength and the potential for very compelling cognitive upside. The profile offers another upside move like we had in the Spring.
Summary: Silver looks much like Gold, as usual. Still, the generic timing is possibly even more bullish. Other metals markets are certainly still strong. Silver can have very fast moves and this is a profile situation which certainly allows for that. Meanwhile it may appear to be simmering but bidding is coming!
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