-- Gold and Silver Peer into the Abyss, But Since Have Turned Higher

Gold and Silver are attempting to put in corrective lows, with Gold preserving its June 28 prior important (post-Brexit) low at $1305.36.

That said, to get any upside traction and to trigger new buy signals, Gold must climb above key resistance at $1324/27.

Silver did take out its 7/08 prior important corrective low of $19.21, but only marginally ($19.20) and has not followed-through to the downside so far.

A climb above 19.55 is needed to trigger an initial signal that Silver has finished its correction.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!