The gold chart looks promising and has formed a bullish ascending triangle over the past 2 years, and a quasi inverse head + shoulders over the past 5 years, also bullish.
It's sitting right near key resistance (1365) and looks like just a matter of time before it breaks out, even if it has to test 1365 a few times before getting thru.
The silver chart is not as good, more like a flat line bottom, but it had a big day today. Staying above 17 would help, and then next resistance is 18. Key resistance should be 20 (2016 highs) and getting thru that would be huge, and chart-wise would put silver where gold already is.
With all the problems piling up, the metals could soon be back in favor. Rickards says a big Chinese devaluation of the yuan is increasingly likely. On the other hand, it's possible there's a perception that world problems are receeding, peace is breaking out in Korea, etc, combined with gold price suppression by central banks, and then the gold liftoff could be stalled.
