Your World In 6 Charts
Unfortunately, time is short this morning. However, I promise you a more complete update later today.
For now, these six charts tell the tale. Do not be fearful of the metals here as I am confident that the bottoms are in. They are simply consolidating now, above the bases that have been formed. Give them a few days. I expect a rally by Friday or very early next that will send them back toward 1680-1700 and 33. From there, happy days in April will get gold finally back above 1700 and 1705 where price will begin to accelerate higher, dragging silver along with it.
I've been drawing these bowls (smiles) on these charts for some time now. It's nice to think that the metals would follow the right hand side of the bowl back higher soon, and they might. More likely, however, is a continued, gradual grind higher. Most of you are experienced enough to know now that the metals drop a lot faster than they rise.
Have a fun day. TF