The New CS Board

[jumanji0881]

https://www.kitco.com/commentaries/2021-05-14/Is-today-the-day-that-gold-and-silver-take-off.html : https://www.kitco.com/commentaries/2021-05-14/Is-today-the-day-that-gold-and-silver-take-off.html

Todd 'Bubba' Horwitz
Friday May 14, 2021 08:31

My Comment : locked and loaded

Excerpt:
The setup for gold, silver and platinum looks like a launching pad with the rockets ready for blastoff. There is no guaranty that today will be the day; however, they are up nicely this morning. We expect a huge move, but patience is the key.

Many cases are being made for gold to go lower, higher interest rates among them. We warn traders all the time that correlations are often already priced into the market and they don’t have to react at the same time. The simple facts are: the trend is up, they are breaking out above congestion and the FED interventions makes gold, silver and platinum stronger.

Since the bottom a few weeks ago, gold, silver and platinum have been trying to build momentum. Based on the recent price action, it appears we are seeing that type of move developing.