Gold (GLD) blew right thru the 200 MA today, so an impressive move, especially considering the dollar is also up.
Silver also making a big move, up almost 5% today. Silver had formed a double/triple bottom since Nov, and is now back up to the upper edge of the October trading range. Next resistance is the 200 MA (17.75 for the SLV, with current price of 16.97.
So looking like Gold and Silver have put in bottoms, at least for now. Will undoubtedly get some back/filling and re-testing in the weeks ahead, but chartwise it looks like a new uptrend might be in the works after the 3 year downtrend.
