Gold is showing a potential inverse H&S pattern.
Silver is in a well-defined uptrend.
As are the miners.
But all bets are off for the miners and silver most likely if US equities head south.
Jim Rickards on CNBC discusses the May 11th IMF meeting in Switzerland
to discuss the dollar alternatives, the SDR and gold.
And it is worth watching the reactions of the CNBC anchors to what their guests
have to say, and the elegantly polite way that Rickards deals with Joe Kernen.
It's kind of sad that after all these years Joe Kernen is Becky Quick's assistant.
Doesn't he have seniority or something? Can't Immelt throw him a bone?
“Depart from me, you accursed. For I was hungry and you gave me no food, thirsty and you gave me no drink, a stranger and you did not welcome me, naked and you did not clothe me, sick and in prison and you did not comfort me.' They answer, 'Lord, when was it that we saw you hungry or thirsty or a stranger or naked or sick or in prison, and did not care for you?' He answered, 'Truly I tell you, as you did not do it to one of the least of these, you did not do it for me.’”
Matthew 25:40-46