21 January 2015
Gold Daily and Silver Weekly Charts - Early Days
After a morning smackdown gold was able to hold its level just below 1300, with silver showing a little more resilience.
Tomorrow we should hear the official word from the ECB, after the 'leak' today of over a trillion in QE per year.
The central banks of the West are 'plowing the oceans.'
The Bank of Canada gave us a surprise rate cut, justified by the shocking slump in oil revenues.
Next week we will see an option expiration on the Comex which *could* be a test for this rally.
For this precious metals rally, it is still early days.
Have a pleasant evening.
Carl Perkins, Johnny Cash, Elvis Presley, Buddy Holly
Posted by Jesse at 4:09 PM