Gold is hanging at the 1375 resistance, the former target of the breakout from the big cup and handle formation. It may take a little while, but if the markets hold together and gold can clear this level it may romp higher and reach our intermediate target more handily than most imagine, with perhaps some additional hesitation around the psychologically important 1400 level.
Silver may take the lead again once this option expiration and holiday shortened week is done.
But I think gold will tend to do better in a crisis, better than stocks and silver at least. So let's see what happens.
Banks Feel Threatened By the Bullion Bulls - Stills
