sorry -- and, I am a believer in gold and mining stocks - but, I see zero evidence of a mad year for gold - let alone silver
the daily for gold looks alarming - broken a trendline - never should be discounted - and, the weekly long term shows nothing but what could be a steady rise at best. The weekly does show higher lows - but, also shows a lower high - so, that is definitely not conclusive.
interest rates on the rise in the US - to me, means less demand for gold - because as rates rise - at least in the early years - people will hunt the interest - not put into a lump of metal that just sits there.
longer term - yes, different story - but, this year????????? - perhaps in Australia the POG might do alright if the dollar collapses - but, that is to be seen -
IMO - there is nothing exciting on the horizon - at least that one can put a time on.
sorry
here is the daily and weekly
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