Gold and silver both holding their trend lines up at moment. silver in particular has turned green when it had to. means nothing on longer time frames but shows gold buyers and sellers both making the effort here and respecting support and resistance points given that spx ran for 7 years no reason why our commods cant have a decent run
but money also into $US last week and also into spx.
bases are loaded on $US commods and spx but there will be only one winner as usual. i said last week copper looks like will finish the count up to 320 level at least. supply and demand on copper has to step in at some point weekend charts look like retail market as well doesnt know which way it goes just here either. churn but some nice runs underway in meantime. by time retail market decides which way it is running the charts will be overbought again
(20min delay)