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Charts Of The Day: Metals Starting To Look Interesting

Published 09/26/2015, 11:46 PM
Updated 07/09/2023, 06:31 AM

Gold is looking pretty good on the weekly chart. It came back down and retested the 10-week moving average and ended the week positive. Same story for Silver.

The miners (via HUI) haven't closed above the 10 yet, but they are repeatedly knocking on the door if the 10WMA and it's starting to flatten out. Notice how the same thing happened last year before they surged higher.

Weekly Gold vs Silver vs HUI 2014-2015

The metals are starting to look interesting here. There is even a possibility that a right translated intermediate cycle is forming.

Latest comments

Thanks Gary for this update. A 10-15% move sounds about right though I wouldn't be too certain of it occurring on time as there have been some fairly noticeable differences between the charts this year and the last.
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