The rally in gold and silver roll on, with gold preferring to interrupt out over $1,800. It was only a week in the past gold seemed to be in management, nonetheless, discovered help and has now rallied over 3% previously 4 buying and selling days. Gold seems able to take out the $1,800 stage. There’s now an actual chance that gold may make new all-time highs.
Silver has made the identical transfer as gold, transferring up 3% previously week. Gold has damaged out to the upside, whereas silver seems prefer it’s breaking apart now. If this rally can proceed, our goal for September silver is simply over $19 after which greater. Primarily based on our place within the present motion, there isn’t any motive to not anticipate this to occur.
Platinum stays weak and is decrease this morning, as soon as once more failing on the $875 stage. The development is decrease, and we anticipate October platinum to interrupt beneath $800. Platinum goes reverse of gold and silver.
General, we are lengthy gold and silver and brief platinum. For gold, the following large stage is $1,800 within the August futures and $18.60 in September silver. Platinum is in between ranges, that are $875 resistance and $820 help within the October futures. We anticipate the present development in all fashions proceed.
Saturday, June 27, at midday EDT Micro Mini Portfolio Administration Webinar: I will likely be internet hosting a webinar on our Mini Micro Futures Portfolio Administration. This program has been an enormous success, and you might be invited to affix the presentation at Saturday, June 27, at midday EDT. It is a can’t-miss occasion and is free to attend.
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