Short Ideas

[gfp927z]

Gold breakout continues - having cleared the Dec high (1235), Oct high (1255), and the 200 MA (1255), it's entering the lower end of the Summer trading range (1280-1335), all in spite of the still rising dollar.

One would expect Gold to do some re-testing of the 200 MA in the days/weeks ahead, but all in all a pretty impressive move so far.

Silver is not as far along, but has cleared its Oct high (17.60), though still under the 200 MA (18.50). The Summer trading range was 18.80-21.50.

Nice moves so far.