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?
"When you speak these things, they will not listen. When you call to them, they will not answer. 'This is the nation that would not listen to the Lord their God. Truth has perished among them. Raise up a dirge on the barren heights, for the Lord has rejected and abandoned them under His wrath. For the Judeans have done what is contemptible in My sight.' This is the Lord’s declaration. 'They have set up detestable things in the house that is called by My name — and defiled it.'" Jeremiah 7:27-30