It’s a bull market
Boy, if you ever needed confirmation that we are in a bull market for precious metals and commodities, today gave it to you in spades.
Gold/silver looked like they were going to get another big “takedown” by the powers that be. Surprise!!
Both rebounded and the HUI even printed green, in the face of options expiry.
Gold closed again well above $1960, portending a good week coming up. Silver came nowhere near $25 so the $27.50 target is still in sight, as is a charge to mount $30 (which will fail, of course, the first time, at least.)
All good news in my book. Charts are looking great, too.
Enjoy the long weekend, gang. More fireworks coming on multiple fronts IMHO.
Remembering, of course, it is a BULL market.
Good Post Boomer