Charts Of The Day: Metals Starting To Look Interesting
Gary Savage | Sep 26, 2015 11:46PM ET
Gold is looking pretty good on the weekly chart. It came back down and retested the 10-week moving average and ended the week positive. Same story for Silver.
The miners (via HUI) haven't closed above the 10 yet, but they are repeatedly knocking on the door if the 10WMA and it's starting to flatten out. Notice how the same thing happened last year before they surged higher.
The metals are starting to look interesting here. There is even a possibility that a right translated intermediate cycle is forming.
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