monthly break up on gold and now oil. silver yet to make it. came close last week. pullback over weekend. gold and oil both had pullback on weekly before got the big one on monthly so silver still expecting it as a trader. can see the silver plays from last week still green today so market still pricing in the opportunity silver gets through.
I see them as reversion trades. spx, blue chip banks had their time to revert from gfc lows and commodities getting a chance here. gold may retrace but most accept chance of $800 gold receding as inflation starts to hit. goldies already rerated. oilers reverted from lows. silvers turn and then reassess. likely stick with goldies but will see. bhp nicely positioned to trend up. waiting on it here. expect a spike before days of fade resume. will see. also traditional gold season of jan feb over here so caution
monthly break up on gold and now oil. silver yet to make it....
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