Apologies for the lack of updates in almost a month. I've been bogged down recently at the office. This is an update on the chart I shared in my previous post. The wide spread currently between gold and silver favors out-performance in gold. Silver is highly volatile and there remains an overhang of supply from its previous spike to 50. Gold, on the other hand is breaking all-time nominal highs in various currency terms.
It faces immediate resistance at $1,800, a confluence of channel resistances of its present intermediate channel and its major channel post-2001.
That's it for now. Back to prepping for my paper. 