Speaking of too close to call, gold and silver turned in a satisfactory week's performance, and are on the verge of breakouts.
We have been here before. Let's see if they can find firmer ground and sprint a little, or will we continue this slow slog through the marshlands of international monetary push and pull.
The metals bears have grown fairly complacent, and their talking trash is running high. If gold and silver can break and run, it would be quite the change in trend and in sentiment.
I am holding a good sized gold position since the latest selling bottom, and am back into silver. My long term positions never change.
The World Cup will not be the only action in Brazil, as the BRICs will be having their annual meeting there next week.
See you Sunday evening.