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?
"Then the kings of the earth, the nobles, and the military commanders, the rich and the powerful, and all the rest who served them hid in caves and sheltered among the rocks of the mountains. And they implored the mountains and the rocks, 'Fall on us and hide us from the face of the one who sits on the throne, and from the wrath of the Lamb. For the great day of his wrath has come, and who then will be able to stand?”
Revelation 6:15-17