Precious Uptrend

This week is pretty important for precious metals. Even if it breaks this line, I think it’ll be OK longer term, but it should would make things cleaner if we just kept the series of higher highs and higher lows cooking along.

My canines allowed me to sleep in (which I’d prefer they do on a weekend than a weekday, since now I’m frantically behind). I’ll just toss one chart out there for now – gold – which (hopefully!) will respect its trendline that it established late last year. This week is pretty important for precious metals. Even if it breaks this line, I think it’ll be OK longer term, but it should would make things cleaner if we just kept the series of higher highs and higher lows cooking along.

0510-GLD

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