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Gold and silver – can they breakout?

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Here is a short article about gold and silver costs. This is not our original post so we consisted of a link to the original post. If you desire to read the initial article you can find a link at the end of this post.

We found this article at https://www.kitco.com/commentaries/2019-11-01/Gold-and-silver-can-they-breakout.html By: Todd Bubba Horwitz and believed it would be useful to our customers.

We have blogged about the stages of the marketplaces in the past; right now gold and silver are in congestion. They will breakout one way or the other and currently they are more detailed to breaking out to the benefit. My guess is a rally today will have us reversing Sundays night; a sell will keep us short.

Today is tasks Friday which can develop a lot of volatility in the metals. The pattern itself is on the cusp of altering from bearish to bullish but are still in congestion. Todays action might produce the next uptrend or confirm that the metals are still in a drop.

Our model did not reverse today although its very close to going long. One more close greater would most likely create a buy signal.

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