Gold & Silver

Volume has been light into the gap(s) support. This is a bullish setup. What cannot go down with force will reverse and attempt to break resistance with force. This will be the third challenge (3 taps and out) of the 5/14 high.

Paper Gold ETF (GLD):


The junior to major ratio illustrates the increasing leverage towards the rising price of gold.

Junior to Major Gold Shares Ratio:


Silver continues to struggle under 5/19 resistance. The inflows into stocks and gold suggest that silver will play catch up once the 5/19 gap is cleared.

Paper Silver ETF (SLV):