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Breakouts in Gold and Silver Prices

Gold has moved to new highs, and the recent price increase was sizable, clearly visible and accompanied by strong volume. Gold has broken out, the move has been confirmed, and is likely to lead the other precious metals higher.

Gold and Silver Gather Strength for Bigger Moves

At this juncture, long-term speculators in precious metals may wish to closely follow current train in gold and silver markets before placing a trade order. This situation should be watched out carefully while considering the uncertainties associated with these markets.

Warning Signals for Gold Investors

The current situation in precious metals market is mixed while considering the influence that currencies currently have on the metals and the recent signal from the GDX:SPY ratio.

No Breakout in Gold So Far, Strong Resistance Seen in Silver

Gold is at the brink of breaking out to new highs in the upcoming days while silver market is at a crucial resistance level. However, since the process of verification is underway and its outcome is not clear, caution should be exercised at this time.

Bottom in Gold and Breakdown in USD

Gold and silver are rallying, but the USD Index has moved decisively below its support level. What impact is this likely to have on the precious metals market?