Both silver and gold ETFs SLV and GLD had pocket pivots after constructive pullbacks. Silver and gold have both been on uptrends all year after a multi-year downtrend that began after both peaked in mid-2011. The fundamental backdrop suggests central banks will have to continue to print money via quantitative easing, thus the unsettling loss of confidence will continue to grow. Both factors are contributing to the rise in both precious metals.
Pocket Pivot Review - SLV, GLD 7-27-16
|Published:||27 Jul 2016 20:50 ET|
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