As we watch the most recent developments within the metals, gold seems prefer it’s prepped and prepared to make a run at $1,600. That degree ought to fail however finally gold will break via. We’re on the lookout for a check of the Jan. eight highs, with a breakout to the upside attainable.
Silver is larger this morning however nonetheless in a pattern that look decrease. We might be shocked if silver can get above $18 within the March futures, and we’ll proceed to be quick till one thing adjustments within the sample. The final two weeks, silver has been in a consolidation sample.
The straightforward reality about all markets is that they proceed to run the identical patterns repeatedly. With gold in an uptrend and transferring larger, expectations are that ought to proceed. Silver in consolidation ought to resume the pattern, which is decrease.
We don’t sometimes commerce platinum, however for individuals who do, the sample seems bullish. Platinum is consolidating at assist in an uptrend. There’s a strong probability that platinum check the latest highs.
Disclaimer: The views expressed on this article are these of the writer and should not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of data supplied; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.