PMs Looking Good!The move in gold and silver on Friday above key resistance areas (50 & 100 DMA) is indicating a shift in sentiment towards pm.
Another key indicator of a potentially exciting upcoming week is the COT structure especially for silver. There is a potential for additional massive short squeezes in silver and gold if prices turn up and shorts are forced to cover.
It also looks like the Eastern Hemisphere is involved in their own version of an Industrial and Economic Revolution. There is no question they are trying to isolate the United States and move towards de-dollarization. Russia and China are not accumulating all of that gold and silver for nothing. Ultimately this is part of their plan to be the next world reserve currency and back it with gold. The Chinese are value investors and know where gold is eventually going to price wise and the role it will play in the new Economic World.
I get get a sense that the tide is starting to turn. If pm prices can start moving up and management can start following through we might have something here.
Canuckman