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.

This interview with Jim Rickards is worth a look.

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