Gold and Silver Stopped At Key Resistance

We have been noting a break in the equivalent resistance in the miner indexes and ETFs, but gold and silver came close, caught a whiff of the cigar, but then the salesman pulled it away.  Gold and silver hit their ‘bounce’ targets but did not do anything technically to indicate it is anything more than that.  So the question remains, with the miners still above key support (which we are tracking in NFTRH), who’s leading who?  The cart or the horse?

Here’s gold at yesterday’s close, not having cleared real (as opposed to the 1200 headline) resistance, as noted here last week: Gold and Silver at Resistance


Silver held below its very clear resistance line.


Subscribe to NFTRH Premium for your 30-45 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at and Also, you can follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.