⛏️ Precious Metals Are Breaking Out

Precious metals are breaking out; Identifying upside price targets
Today, we review both precious metals (gold and silver) and the Gold Miners ETF (GDX), along with the US Dollar Index. Both gold and silver have emerged from consolidation patterns with a good turn-up in momentum. We like both metals here, and the weakness in the DXY is helping. Read on »

The bullish case for the ishares silver trust slv ETF
The fund, which tracks silver prices, rose to $22.68 on Monday, the highest point since September 1st. The rallying SLV ETF has coincided with the ongoing US dollar index (DXY) and CBOE Volatility Index (VIX) retreat. Read on »

Gold price extends over 6-month peak as dovish Fed expectations prevail
Traders widely expect the Federal Reserve to leave rates unchanged in December, and are pricing in about a 50% chance of cuts in May next year. Investors will monitor Thursday’s US personal consumption expenditures data, the Fed’s preferred inflation indicator. Read on »

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