Precious metals rallied strongly overnight with gold up +1.6% and silver +2.8%, a great performance considering the $US only dipped -0.1% remaining above the psychological 90 level. Tom McClelland pointed out one simple reason these 2 commodities look poised to rally much higher earlier this week i.e. the punters aren’t onboard! The short-term more fickle traders / investors haven’t embraced the recovery in gold via ETF’s which usually means the move has got much further to unfold e.g. we are looking for another ~10% upside from silver.
MM remains bullish both gold & silver
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