Another great day for the precious metals and mining shares as Comex gold closed at a new all-time high! Is this the beginning of the next breakout and rally that we've been expecting for later this month and August? Let's discuss that today.
If you've been following along, then you know that the chart, the news, seasonality and the OI all seem to favor a breakout rally with the only concern being a somewhat heavy CoT structure. While the CoT may slow or impede the rally, the rally looks to be coming, regardless.
For today a discussion of why the PMs moved higher today...
