Platinum surged higher yesterday and again today, and now gold & silver are catching a bid. Is the short-term bottom confirmed?
Monday, I said this about platinum:
We now have that all-important “higher-high”!
Yesterday morning I said this about platinum:
That chart was set-up before Wednesday’s opening bell.
Check out what platinum’s daily chart looks like right now:
And yesterday, on volume too, which appears to be continuing today as the last candlestick is today’s, which still has a lot of trading day left.
And now, it looks like gold & silver are catching a bid:
Is the short-term bottom finally in for the precious metals?
Gold & silver have yet to put in the “higher-high”.
The technicals are supportive of a run.
No major data releases tomorrow.
Shaping up to be interesting.
And the US dollar index?
It’s a dead cat bounce.
So pop some corn.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.